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Investors were in a rotten mood Tuesday.Seemingly good results from Dow components Caterpillar, Coca-Cola and United Technologies didn't please Wall Street. The Dow closed down 425 points, or 1.7%, after opening with a 130-point gain. At its worst point of the day, the Dow was down more than 600 points.The Dow has fallen for the past five straight days — its longest losing streak in more than a year — and has given up its gains for the year.Why the nearly 650-point swing in the Dow in a matter of hours? Once investors took a closer look at the results, they focused on the negatives.Caterpillar, for example, warned that profit margins would probably not get any higher this year than they are now.And Coke investors were disappointed that lower prices may have helped drive sales -- even though Diet Coke finally returned to growth. Shares of Caterpillar plunged 6% while Coke's stock lost 2%.Verizon was one of the few companies that posted strong results Tuesday that didn't seem to have any caveats -- and it was rewarded for it. Shares of Verizon rose 2%.But other earnings reports were downright gloomy. 3M, another Dow component, lowered its outlook for the year. That sent its stock plunging 7%. Insurance company Travelers, also in the Dow, fell 3% after its earnings missed forecasts.All this negativity dragged down other old-school, classic industrial Dow companies too. Boeing and DowDuPont both fell about 3%.And tech investors were disappointed by increased expenses at Google parent Alphabet.Related: Why everyone is stressing about the 10-year Treasury Even though Alphabet posted solid gains in earnings and revenue that easily topped Wall Street's estimates, the stock fell 5% — and that helped drag down the S&P 500, Nasdaq and tech titans Apple, Amazon, Microsoft and Facebook.It didn't help that the yield on the 10-year US Treasury note rose above 3% for the first time in more than four years Tuesday morning.If this benchmark bond rate keeps climbing, it may make it more expensive to borrow money for mortgages and auto loans and could eat into profits at big US companies — especially since the Federal Reserve is expected to keep raising short-term rates.Still, one expert said investors may be overreacting to the moves in the bond market."I don't know that there is any magic to the 3.0% level other than it is a nice round number," said Jeff Mills, co-chief investment strategist for PNC Financial Services Group. "There is no rule that says rising rates are bad for the stock market."Mills added that since 1928, stocks have actually done a little bit better when rates have gone up. The market has gained about 11% on average during years that rates have gone up and 9% in years of falling rates.But jittery investors don't seem to care about historical market facts right now. They are selling first and asking questions later.The-CNN-Wire 2887
INDIANAPOLIS — Parents of two girls who attend Horizon Christian School on Indianapolis’ northeast side say their daughters are being bullied and threatened because of the color of their skin.Alexander Wortham realized something was happening when his daughter, Imani, started acting strange, asking to stay home from school more often than a typical teen girl.He and Dominique Duncan soon found out that their two high school daughters were being bullied.“Silence is killing our young people," Wortham said. "People not dealing with the issue. Not dealing with the problem and I think for us, as parents, enough is enough."Duncan agreed.“Very let down as a parent. Very let down,” Duncan said.Imani and her friend, LaShanti, say a male student started bullying them at school saying things like “If the school ever gets shot up, you’ll be the first one to get shot.”“He pointed to me personally, he looked me in the eye,” Imani said.“He said he would sell me into slavery if I didn’t do what he said and then he started making little jingles about slavery,” LaShanti said.According to an email the parents received from a school administrator, the school suspended the student last week after the girls’ parents brought the issue to the administration’s attention. But that student was allowed to return to class on Monday.The girls felt so uncomfortable, they both decided to stay home this week.“We should be able to go to school and not feel threatened, scared or having to be on edge the whole time,” Imani said.Both parents say they want the school to create more concrete policy changes on bullying. They both suggested an all-school assembly or bringing experts in to discuss race relations and bullying.The Horizon Christian School principal denied to comment on the situation, saying it’s against school policy to discuss students without permission from all parents involved. 1900
It started out as a way to help her brother, and now, it's become so much more than that. Now one sister's efforts have made an impact far more than she could ever imagine.In their household, twins Sarah and Jacob Greichen are both included and involved. But one day after school a few years ago, Greichen realized outside the walls of their home, it was a different story."My brother got in and he was crying," Greichen said. "And he was saying, 'Mom I have no friends why don't I have any friends.'"Jacob has autism, and exclusion took its toll."He actually stopped talking completely," Greichen recalled. "He regressed, he went from probably a fourth, fifth, sixth-grade level to first-grade level and it was a really hard time for my family."Greichen decided to do something. And at 13 years old, she founded the non-profit Score A Friend, which builds clubs for students with and without intellectual disabilities in schools and communities."Every single kid meets friends through school or though activities and sports," Greichen said. "And Score A Friend is creating those opportunities for everyone. So that they can meet friends and then those friendships can go from school to home."Clubs can be focused on sports or electives, and one club even got the whole school involved with score a friend week."They talk about inclusion," Greichen said. "What unified sports are what person first language is what do you say when you walk up to a person with a disability and what is the right way to act."Now, Score A Friend has gone national, spreading to more than a dozen schools across the country, including at least two colleges."I mean now we have commercials and billboards out which is crazy!" Greichen exclaimed. "I mean, I never would have guessed this from the beginning."But for Greichen, her brother is the true measure of success."Jacob finally started talking again," Greichen said. "He started playing sports again he started talking to other students and he actually had people to sit with at lunch."Greichen sees Score A Friend becoming a movement. One inspired by the person closest to her, and impacting the whole world. 2151
In dev I was very open about my intention to put queer kids in the main cast. I'm a horrible liar so sneaking it in would've been hard haha. When we were greenlit I was told by certain Disney leadership that I could NOT represent any form of bi or gay relationship on the Channel.— Dana Terrace (@DanaTerrace) August 9, 2020 332
In this video grab issued Sunday, Aug. 30, 2020, by MTV, Lady Gaga accepts the award for song of the year for "Rain On Me" during the MTV Video Music Awards. (MTV via AP) 178