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The stomach-churning market scare continues.The Dow tumbled 546 points, or 2.1%, on Thursday following another rollercoaster session. The index briefly turned positive during morning trading before succumbing to heavy selling pressure. At one point the Dow was down 699 points. The Dow has shed 1,378 points over the past two days.The mood on Wall Street was only slightly calmer than Wednesday's 832-point nosedive.The S&P 500 closed down 2.1%, notching its sixth-straight losing session. It's the longest slump for the broad index since just prior to President Donald Trump's election more than two years ago.The Nasdaq briefly tumbled into a correction, signaling a 10% decline from previous highs. But the index climbed out of correction territory and closed down 1.3%.All three major indexes have lost more than 5% this week. That hasn't happened since March."This kind of washout doesn't get accomplished in a day. Even though yesterday felt traumatic, it tends to be a three-day process," said Art Hogan, chief market strategist at B. Riley FBR.The VIX volatility index touched its highest level since February.One positive is that unlike on Wednesday, the market did not close on the lows of the day. The rebound was helped by fresh?reports that President Donald Trump and Chinese leader Xi Jinping have agreed to meet next month at the G-20 summit. Such a meeting could ease fears that the US-China trade war will hurt corporate profits and slow the US economy.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear how these momentum names will hold up in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday."Halloween started early this month for investors," Ed Yardeni, president of investment advisory firm Yardeni Research, wrote to clients.The afternoon sell-off comes even though a new report showed that consumer prices rose less than expected in September.Stocks have turned sharply south in large part because investors are concerned about rising interest rates. As the Federal Reserve raises rates to prevent runaway inflation, investors have been getting out of bonds, driving down their price and driving up their yields. Suddenly, the return on bonds has become competitive with some stocks — particularly risky tech stocks.Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits. 2551

The U.S. recorded more than 120,000 new cases of COVID-19 on Thursday as cases continue to skyrocket across the country.According to Johns Hopkins University, there were 121,888 new cases of COVID-19 recorded across the country on Thursday. That shatters the previous record of 102,000 cases that were reported on Wednesday.Johns Hopkins reports that more than 1,200 people died of the virus in the U.S. on Thursday, the highest death total since Sept. 15. The highest daily death total throughout the pandemic occurred on April 15, when 2,600 people died.According to Johns Hopkins, COVID-19 is currently spreading faster in the U.S. than it is anywhere else in the world. The U.S. has recorded an average of about 80,000 new cases of COVID-19 in the last seven days; the country with the second-highest rate of new cases is India, with an average of about 45,000 new cases of the virus each day.Health officials warn that the U.S. is entering what could be the most dangerous and deadly period of the pandemic, as colder weather forces social gatherings indoors, where the virus is more easily spread.Since the start of the pandemic, there have been 9,606,369 cases reported in the US, 234,911 being fatal. Both totals mark the most of any country. 1258

The US Centers for Disease Control and Prevention continues to warn against eating any romaine lettuce harvested from the central Coastal growing regions of Northern and Central California amid a multistate outbreak of E. coli illnesses linked to romaine lettuce. The agency also reported Thursday that nine additional people have been reported ill since November 26.Now, 52 people have been infected with E. coli in this outbreak, which was announced in October, according to the CDC.Illnesses have been reported in 15 states: California, Connecticut, Florida, Illinois, Louisiana, Massachusetts, Maryland, Michigan, New Hampshire, New Jersey, New York, Ohio, Pennsylvania, Rhode Island and Wisconsin.Nineteen people have been hospitalized, including two who developed hemolytic uremic syndrome, a type of kidney failure. No deaths have been reported.Last month, the CDC and the US Food and Drug Administration updated their warning against eating or selling romaine lettuce products harvested in the California counties of Monterey, San Benito, San Luis Obispo, Santa Barbara, Santa Cruz and Ventura. 1110

The University of Michigan Athletic Department announced Tuesday that they had to cancel its annual rivalry game against the No. 3 Ohio State Buckeyes due to a COVID-19 outbreak within its football program.In a press release, the athletic department said the decision to cancel was made after discussions with medical experts, health department officials, and university administration."The number of positive tests has continued to trend in an upward direction over the last seven days," said Warde Manuel, U-M's Donald R. Shepherd Director of Athletics, in the news release. "We have not been cleared to participate in practice at this time. Unfortunately, we will not be able to field a team due to COVID-19 positives and the associated quarantining required of close-contact individuals. This decision is disappointing for our team and coaches, but their health and safety are paramount, and it will always come first in our decision-making."Michigan says it will continue to test daily "with hopes of getting back on the practice field when cleared by medical professionals."According to the Associated Press, the Buckeyes had to cancel its Nov. 28 game against Illinois after head coach Ryan Day, other coaches, and players in the program tested positive for the coronavirus, the AP reported.On Tuesday, the American Athletic Conference announced that the regular-season football finale between No. 7 Cincinnati and No. 18 Tulsa will not happen Saturday and won't be rescheduled.The conference canceled the Dec. 12 game due to positive COVID-19 cases and contact tracing within the Bearcats' program.The AAC said the two teams would play on Dec. 19 in the American Athletic Conference title game. 1710

The Washington Football Team might be called that longer than previously expected.Ahead of the team’s first game of the season against the Philadelphia Eagles, owner Daniel Snyder told The Wall Street Journal the team name may remain as it is.“Sure, it's possible!” Snyder wrote in an email to the WSJ. “If the Washington Football Team name catches on and our fans embrace it then we would be happy to have it as our permanent name. I think we have developed a very classy retro look and feel.”The team dropped their name this summer, after years of criticism because it is a racial slur toward Native Americans. Earlier this summer, major sponsors of the team, including FedEx, publicly asked Snyder and the team to change their name.Comments in July indicated the team would work on a new name through the 2020 season.The old team name had been in place since 1933. “However, over the past few years the name had increasingly become a distraction from our primary focus of football,” Snyder said in his email. “So, in the spirit of inclusivity, we made the decision to move forward. We want our future name and brand to stand for something that unifies people of all backgrounds and to continue to be a source of pride for the next 100 years or more.”The team kept their red-and-gold colors, and replaced the team’s nickname logo on helmets and jerseys with a “W.” 1374