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The stock market is still sinking but the selling frenzy has eased just a bit.The Dow opened down about 100 points on Thursday morning, rebounding from sharp overnight losses. The Nasdaq started positive before slipping back into the red. The S&P 500 lost about 0.6%.Wall Street is attempting to recover from Wednesday's plunge, which wiped 832 points off the Dow. The Nasdaq in particular has gotten rocked in recent days. Investors have bolted from the index, which contains many tech stocks, because they are concerned about holding some of the market's riskiest stocks in a downturn. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.The S&P 500 was on pace for its sixth-straight decline, something that hasn't happened since just before President Donald Trump's election nearly two years ago. And the Nasdaq has already plunged 8% this month."Halloween started early this month for investors," Ed Yardeni, president of investment advisory firm Yardeni Research, wrote to clients.Concerns about inflation were eased a bit by a report released on Thursday that showed consumer prices rose in September less than feared.Still, tech stocks including Amazon and Apple lost ground in early trading. Square (SQ) slumped 6% after announcing the departure of its chief financial officer. But other tech stocks showed signs of life. Netflix and Twitter were trading flat to slightly higher.Stocks have turned sharply south because investors are increasingly 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. America's increasing debt load, a trade war with China and a slowing global economy have also unnerved investors.Wednesday's "rout has shaken investor confidence," Nicholas Colas, co-founder of DataTrek Research, wrote to clients. "That will take time to rebuild."The Dow plunged 832 points, or 3.2%, on Wednesday. Tech stocks took a beating, sending the Nasdaq tumbling 4% — its worst day since the Brexit referendum of June 2016.That dragged down stock indexes in the United Kingdom, Germany and France on Thursday, all of which fell more than 1%. Benchmark indexes in Shanghai and Tokyo closed down 5.2% and almost 4%, respectively. Hong Kong's market was down over 3%.The S&P 500's 3% plunge on Wednesday was rare. It's only happened in 0.6% of all trading days since 1952, according to Bespoke Investment Group.The good news is that the market often springs back to life after such a deep sell-off. Bargain hunters scoop up beaten-down stocks and calmer heads prevail. On average, the S&P 500 has gained 0.4% the day after a 3% slide, Bespoke said.That's what happened in February after the S&P 500 twice suffered 3% drops caused by fears about rising bond yields. Both sell-offs were followed by rebounds of more than 1% the next day.But Yardeni is optimistic the market will rebound because corporate profits are robust and no recession is in sight."We remain bullish on the outlook for earnings, and expect the market to recover and make new highs going into next year," Yardeni wrote.The-CNN-Wire 3435
The Russian embassy in Washington asked its Twitter followers to vote for which US consulate they'd like to see shuttered Monday, after the Trump administration announced it would close down the Russian consulate in Seattle and expel 60 alleged spies throughout the country.In the poll, they offer the three US consulate locations in Russia as options: St. Petersburg, Vladivostok and Yekaterinburg.The US decided to shut down the Seattle consulate because of its proximity to a submarine base, senior administration officials said Monday, and expel the diplomats for "aggressive" intelligence collection. The move is part of an international effort to punish Russia's government for the alleged poisoning of a former Russian spy and his daughter in Great Britain. 772

The rescue of 11 hungry children in Amalia, New Mexico, on Friday began with a mysterious tip delivered to a detective across the country, in Clayton County, Georgia, from where young Abdul-Ghani Wahhaj vanished in November."We are starving and need food and water," read the message that provided the impetus for the raid on the rural compound near the Colorado border.New York imam linked to caseThere, authorities found the emaciated children -- the youngest 1, the oldest 15 -- in a squalid underground trailer, along with three women in their 30s, apparently the youths' mothers.After a standoff, police also took into custody two armed-to-the-hilt men -- one of them Siraj Wahhaj, 40, Abdul-Ghani's father.But they didn't find Abdul-Ghani that day. On Monday, investigators returned and found the remains of a young boy whose identity is awaiting confirmation, Taos County Sheriff Jerry Hogrefe said.Here's what we know of the youngster whose disappearance ultimately set the New Mexico raid into motion: 1018
The school shooting was over in seconds. But it could have dragged on longer and proven deadlier were it not for the rapid response of a school resource officer.When a 17-year-old gunman walked into Maryland's Great Mills High School on Tuesday, the swift action of the school's sole resource officer, Blaine Gaskill, was instrumental in bringing the incident to a quick end.Gaskill's response was hailed as an example of exactly what a resource officer is supposed to do in such a circumstance, particularly when contrasted to the actions of the security officer in last month's shooting in Parkland, Florida. (In the incident at Marjory Stoneman Douglas High School on February 14, the armed school resource deputy waited outside the school building as the shooter gunned down students inside.)"He responded exactly how we train our personnel to respond," St. Mary's County Sheriff Tim Cameron told reporters.Engaging the shooterAs soon as the gunfire began, Gaskill rushed to the scene. He fired a round at the shooter, who also fired a round at the same time, Cameron said.It's not yet clear whether the shooter, Austin Wyatt Rollins, was felled by the officer's bullet or killed himself."DFC [Deputy First Class] Gaskill fired at the shooter ... almost simultaneously as the shooter fired," Cameron said. "This is something we train, practice and in reality, hope would never come to fruition. This is our worst nightmare."Gov. Larry Hogan called Gaskill "a very capable school resource officer who also happened to be a SWAT team member.""This is a tough guy who apparently closed in very quickly and took the right kind of action," he said. "And while I think it's still tragic, he may have saved other people's lives."Over in secondsThe incident began in a school hallway at 7:55 a.m., just before classes started. Authorities say Austin, armed with a handgun, shot a female student, with whom he had a prior relationship, and another male student.Gaskill responded to the scene in less than a minute, the sheriff said.Cameron said the entire incident took less than a minute, possibly seconds.The 16-year-old female student is in critical condition with life-threatening injuries, and the 14-year-old male student who was shot is in stable condition.Gaskill was unharmed."He's doing well and we're going to do everything to support and promote him and his well-being," Cameron said.Playing to a narrativeGaskill's actions were praised, rightly, across social media. But some -- most notably, the NRA -- held him up as an example of the "good guy with a gun" theory. The theory goes, that bad guys will always find a way to circumvent whatever gun laws are in place. And "to stop a bad guy with a gun," as NRA head Wayne Lapierre?said, "it takes a good guy with a gun.""This [Great Mills High School] armed school resource officer, you're not hearing anyone in #MSM talk about it because it disrupts their narrative," NRA spokeswoman Dana Loesch said in one of several tweets Tuesday. (MSM is short for mainstream media.)So far, this year, there have already been 17 school shootings where someone was hurt or killed.In the Parkland shooting, school resource deputy Scot Peterson never entered the building after taking a position outside. He resigned after he was suspended without pay for his inaction."Had our resource officer taken action immediately, the result of the Stoneman Douglas Valentine's Day Massacre would have been different," Parkland student Kai Koerber told CNN."We might not have had to walk over the bodies of our classmates, once lovely and wonderful people, as we were led away from murderous tragedy."Speaking to reporters, Dr. James Scott Smith, the superintendent of St. Mary's County's public schools, put the senselessness of it all in perspective."It looks as though the SRO [school resource officer] did exactly what the SRO is trained to do, and yet we still have a tragic loss of life," he said. "We still have somebody in critical condition. And we have students at the school and staff at the school impacted." 4086
The revolution is coming. The much-anticipated video premiere of “Hamilton” will be available on Disney+ Friday, July 3.Here are the details: The video is 2 hours and 41 minutes long, and includes a minute countdown for intermission. It was recorded using several cameras during two of the last performances of the initial 2016 Broadway run of the hit musical, and includes most of the original cast.It will only be available on the Disney+ streaming service starting at 12 a.m. PT/3 a.m. ET on Friday. Disney is holding a Twitter watch party later in the day at 7 p.m. ET/4 p.m. PT. 591
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