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The erratic stock market just made a serious comeback.Fears about slowing earnings growth sent the Dow careening 549 points lower on Tuesday before the index raced back to life.By the closing bell, the Dow was only down 126 points, or 0.5%.Similarly, the Nasdaq closed down 0.4%, erasing the vast majority of a 2.6% plunge. The index also climbed out of a technical correction, a 10% decline from prior highs.The S&P 500 suffered its fifth straight loss. But the broad index finished just modestly lower after touching its weakest point in nearly four months.Market veterans saw little reason for the dramatic recovery -- other than the fact that stocks had gotten to oversold levels."It was an impressive day. We reversed on very little news," said Art Hogan, chief market strategist at B. Riley FBR.Hogan pointed to how the rebound was led by two of the most beaten-down corners of the market: homebuilders and chip makers.Stocks sold off early on Tuesday after major US companies reported gloomy results and guidance. Disappointing numbers from Caterpillar and 3M reinforced ongoing concerns about how long blockbuster profits can last, especially given tariffs and rising costs."Investors are skittish about whether we've seen a peak in earnings," said Mark Luschini, chief market strategist at Janney Capital Management. "It's a schizophrenic market environment where things that didn't matter suddenly do."It's been a scary month for investors. The Dow and Nasdaq are on track for their worst months since January 2016."The market is fragile," said Rich Guerrini, CEO of PNC Investments. "But we're telling our investors to relax. We're in a correction. I think the market does have some legs left."The CNN Business Fear & Greed Index slipped further into "extreme fear." A month ago the gauge of market sentiment was flashing "extreme greed."Wall Street was also spooked by extreme turbulence in China, the epicenter of the trade war. The Shanghai Composite dropped 2.3% overnight. The sell-off wiped out a chunk of Monday's spike, the benchmark index's best day since March 2016. 2114

The death of another Fort Hood soldier is under investigation after he was found unresponsive at a nearby lake.On Friday, July 17 at 12:07 a.m., deputy’s with the Bell County Sheriff’s Department were dispatched to the area of the Stillhouse Hollow Lake Dam after fishermen in a boat located what they believed to be a body in the water at the base of the dam.Upon arrival, deputy’s found the body 26-year-old Pvt. Mejhor Morta was located in the vicinity of Stillhouse Hollow Lake — located about 15 miles east of the Army base.An autopsy was ordered by Justice of the Peace Garland Potvin.A preliminary autopsy shows the cause of death to be consistent with drowning, but at this time, a full autopsy report has not been completed or released by the Medical Examiner’s Office in Dallas, Texas.Morta's body was found just weeks after officials found the dismembered remains of Pfc. Vanessa Guillen — a soldier stationed on Fort Hood who went missing in April. Officials have not said that the two cases are linked.Morta was from Pensacola, Florida, and entered the Army in September 2019, as a Bradley Fighting Vehicle mechanic. He has been assigned to 1st Battalion, 5th Cavalry Regiment, 2nd Armored Brigade Combat Team, 1st Cavalry Division, since May 2020.Friends of Morta say his family is from the Philippines."I reached out to his sister today and they are currently in the Philippines," said Hunter Proffitt, a friend of Morta. "He literally came over here, he joined the U.S. Army to help move his family over here. He wanted to move his family. He wanted to make a better life for himself and then we find out that this happens."The Bell County Sheriff’s Department continues their investigation and no other information is available for release at this time.This story was originally published by Sydney Isenberg on KXXV in Waco, Texas. 1856

The FBI, Homeland Security’s Cybersecurity and Infrastructure Security Agency and the Director of National Intelligence issued a joint statement Wednesday night confirming an investigation is underway over a hack of government networks.Cybersecurity officials at Homeland Security ordered federal civilian agencies to immediately disconnect or power down affected SolarWinds Orion products from their network.Previously, officials said that the network was “compromised.”“The compromise of SolarWinds’ Orion Network Management Products poses unacceptable risks to the security of federal networks,” CISA Acting Director Brandon Wales said earlier this week. “Tonight’s directive is intended to mitigate potential compromises within federal civilian networks, and we urge all our partners—in the public and private sectors—to assess their exposure to this compromise and to secure their networks against any exploitation.”On Wednesday, SolarWinds acknowledged the cyberattack.“SolarWinds has been made aware of a cyberattack to our systems that inserted a vulnerability within our SolarWinds? Orion? Platform software builds for versions 2019.4 HF 5, 2020.2 with no hotfix installed, and 2020.2 HF 1, which, if present and activated, could potentially allow an attacker to compromise the server on which the Orion products run,” the company said. “We have been advised that this incident was likely the result of a highly sophisticated, targeted, and manual supply chain attack by an outside nation state, but we have not independently verified the identity of the attacker.”Federal officials said that the FBI is engaging with victims and is conducting an investigation. 1678

The China tariffs are back on.On Tuesday, the White House said the administration would proceed with its proposal to impose 25 percent tariffs on billion worth of goods from China, and place new limits on Chinese investments in US high-tech industries.The decision comes after top administration officials have tried to dampen fears of a trade war.Treasury Secretary Steven Mnuchin said a trade war with China was "on hold" less than 10 days ago. And Commerce Secretary Wilbur Ross is expected in Beijing on Saturday to help ease trade tensions between the two major trading partners.Beijing has previously pledged to retaliate against the 25 percent tariffs.In a brief statement, the White House said the president plans to take "multiple steps" to protect domestic technology and intellectual property from certain "discriminatory and burdensome trade practices by China."The latest step follows a March report by the US Trade Representative Office, which undertook a seven-month investigation of China's handling of technology transfers and intellectual property, according to the White House's statement."The United States will implement specific investment restrictions and enhanced export controls for Chinese persons and entities related to the acquisition of industrially significant technology, the White House said in a statement.The final list of covered imports subject to tariffs will be announced by June 15. Those tariffs will take effect "shortly thereafter."Proposed investment restrictions will be announced by June 30 and also take effect at a later date.The-CNN-Wire 1603

The Fourth of July marks the busiest time of the year for animal shelters as pets are spooked due to the noise of fireworks.In order to keep pets out of the shelter and safe at home, Nationwide Insurance offered the following tips on caring for your pets this weekend:Microchip your pet. While every pet – even indoor cats – should have a collar with an up-to-date ID tag, collars can be easily removed or slipped. That's why a microchip is your best bet for being reunited with a lost pet. Microchips - the size of a grain of rice - are a form of permanent ID injected just under the skin. It's important that owners keep microchip information current.Use pet ID tags. Make sure your pet has an ID tag and that it's being used to its best advantage. Don't waste tag space with the pet's name, your name, or your address. Instead, put "Reward!" on the tag and as many phone numbers as you can fit, including area code. It's best to meet anyone who has found your pet on safe, neutral ground.Talk to your veterinarian about anti-anxiety medications. In recent years, safe and effective medications to treat noise phobia in pets have become widely available. Pick these up before the Fourth of July and follow your veterinarian's guidance on administering them. Once a pet's noise phobia has been activated, it can be difficult to manage the panic and fear they feel.Keep pets secure at home while out. It's not the best idea to take your pet out on the Fourth, but if you do, always use a leash. Once the fireworks begin, bring your pets inside, pull drapes to keep bright lights out, and turn on "white noise" to help dampen the sound. While classical music has been clinically shown to be calming, you can also find playlists or CDs arranged specially to help keep pets more relaxed.If your pet escapes, begin looking for them right away. Contact all area shelters as soon as they're open, and post information in community forums and groups online immediately. Remember that a frightened pet can travel pretty far or be picked up by someone out of the area, so cover nearby areas as well. Cats tend to hide when lost or frightened, so post flyers in your neighborhood and ask neighbors to check sheds, garages, and other possible hiding places.Keep looking. Pets can be found weeks and months after they're lost and are usually reunited because of a microchip.Remember - fireworks aren't the only hazard. While parties may not be as common this year because of social distancing, even small family gatherings can be troublesome. Make sure visitors keep medications locked up and are asked to help keep doors and gates closed. In addition, summer celebrations mean food and other hazards that should be avoided. More information on those dangers can be found here. 2773