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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 Trump administration is working Thursday to kill a bipartisan deal on immigration that could be the best chance to get a bill through the Senate.The White House is "actively considering issuing a veto threat" against the bipartisan immigration bill Thursday morning, a senior administration official said. .@PressSec: White House officially “strongly opposes” Rounds-Collins DACA/immigration proposal pic.twitter.com/cupcJydbtt— Phil Mattingly (@Phil_Mattingly) February 15, 2018 501

The Supreme Court said on Monday that it will stay out of the dispute concerning the Deferred Action for Childhood Arrivals program for now, meaning the Trump administration may not be able to end the program March 5 as planned.The move will also lessen pressure on Congress to act on a permanent solution for DACA and its roughly 700,000 participants -- undocumented immigrants who came to the US as children.Lawmakers had often cited the March 5 deadline as their own deadline for action. But the Senate failed to advance any bill during a debate earlier this month, and no bipartisan measure has emerged since.  627

The Saharan Air Layer remains quite active as dust continues to stream west off the African coast. The initial plume is currently over much of the Southeast US with another large plume approaching the Caribbean. Here is the latest (Fri June 26) 10 day computer model dust forecast pic.twitter.com/0KUxLkOkjA— NWS Eastern Region (@NWSEastern) June 26, 2020 363

The small town of Palisade, Colorado is home to just over 2,700 people. It is a town filled with family-run farms and fruit orchards, and stores that adorn their fronts with as many signs in English as Spanish.Every spring the town’s population increases by a few hundred people because of migrants who come to work on those farms and orchards on H-2A visas, which allow them legal residence in the United States without becoming a citizen.“I love my workers. They know my farmland better than I do,” said Bruce Talbott, who owns a farm in town and has been using H-2A workers for decades.Once the pandemic hit in March, however, things began to change. As farmers markets and restaurants that supply Talbott with most of his revenue began to close because of safety measures, the need for his 50 workers started to dwindle.Then, in April, an early-season freeze killed off 85 percent of his peach crop, forcing him to cut his staff from 50 migrant workers to eight.“Some guys ended up going back home against their will, others chose to go back home,” said Talbott. “[It was hard because] our guys really like working here.”Talbott says he was able to shift his workers to a farm in South Carolina looking for help so they did not lose their jobs, but others across the country were not as lucky as migrant workers who rely on their income in the United States to support their families were left without a job.“This year will be one the historians love and one we’ll be glad to end,” said Talbott.Many farms in Palisade and other parts of the country ended their contracts with the Department of Labor because of the reduced need which cut down on the number of migrants who could come to the United States for work.In other cases, migrant workers who had started work on farms had their hours reduced, forcing them to lean on local organizations for help.“I forecast a lot of belt tightening and struggling, honestly, to keep bills paid,” said Karalyn Dunn, executive director of Palisade’s Child and Migrant Services.Dunn’s office is small, but it is bustling with migrants in Palisade looking for meals and financial security. Since March, her organization has supplied migrant workers with free meals and hand sanitizer while also pitching in on rent, utilities, and food for groceries.“A gentleman just called and told me it looks like his work is over for this season and he’d like to come over and get a meal,” she said.The reduction in work does not only affect migrant workers but businesses in the towns, where they reside as they rely on their business to make a living as well.“Our local grocery stores made the comment that if we have a peach crop they have a profitable year. If we don’t have a peach crop, they break even,” said Talbott. 2762

来源：资阳报