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The wild ride on Wall Street just got crazier.The Dow dropped about 345 points, or 1.4%, on Tuesday, completely reversing a 244-point gain from early in the day. The selloff followed Monday's 670-point spike.The Nasdaq plunged nearly 3% -- wiping out nearly all of Monday's huge gains for the tech sector. The Nasdaq is now up just 1.5% on the year.Facebook, Twitter, Tesla and Nvidia all fell sharply. Netflix tumbled 6%, its biggest decline in two years."We started bleeding when large tech got hit hard," said Art Hogan, chief market strategist at B. Riley B.Investors poured money into bonds Tuesday. The 10-year Treasury yield slipped to 2.77%, the lowest since early February.But the sinking yields also narrowed the closely-watched gap between short and long-term rates, known as the yield curve."That has persistently been a signal of an economic slowdown," said Hogan. "I don't think that's the case here."A "flattening" yield curve also makes it harder for banks to make money on the difference between what they lend out and pay interest on. Bank of America, Wells Fargo and PNC fell more than 2% apiece.The-CNN-Wire 1135
The Rev. Billy Graham's body will lie in honor in the U.S. Capitol for two days next week.U.S. House Speaker Paul Ryan said the public and members of Congress will be invited to pay respects to "America's Pastor" on Feb. 28 and March 1. The last time a private citizen laid in honor at the Capitol was 2005, when Rosa Parks died.Graham, a famous evangelist who preached to hundreds of millions of people in 185 countries around the world, died Wednesday, Feb. 21. He was 99 years old.On Monday and Tuesday his body will lie in repose at his library in Charlotte, North Carolina, according to the Associated Press. A funeral is scheduled for March 2 on the grounds of the library. 687
The Seattle Seahawks postponed a workout with free agent quarterback Colin Kaepernick after Kaepernick declined to stop kneeling during the national anthem, ESPN reports.According to ESPN, the Seahawks contacted the former 49ers quarterback two weeks ago to arrange a workout. However, the meeting was canceled at the last minute over the constroversial protest.Kaepernick began kneeling for the national anthem during the 2016 preseason, saying he was hoping to bring attention to police brutality. He continued his protest through the 2016 season, and his contract with the 49ers was not extended following the season.Kaepernick has not played since the 2016, though he is still a free agent and can be signed by any team. In October, Kaepernick filed a grievance against the NFL alleging the owners colluded to blackball him from the league. He was deposed by the league in connection with his complaint earlier this week.Kaepernick's former teammate and fellow free agent Eric Reid was also reportedly asked by Cincinnati Bengals owner Mike Brown about kneeling during the anthem during a workout with the team. Reid said he would continue kneeling, and the Bengals did not offer Reid a contract.Alex Hider is a writer for the E.W. Scripps National Desk. Follow him on Twitter @alexhider. 1355
The US officially relocated its embassy to Jerusalem on Monday, formally upending decades of American foreign policy in a move that was met with clashes and protests along the Gaza-Israeli border.Here is what we know: 225
The United States says they are delivering critical supplies to Lebanon after the deadly port explosion on Tuesday.The United States Air Force said in a press release that planes at the Al Udeid Air Base in Qatar were getting supplies out to help the Lebanon people after more than 100 people were killed in a deadly blast in Beirut.Officials said members of the 379th Air Expeditionary Wing, Air Mobility Command’s 8th Expeditionary Air Mobility Squadron and 816th Expeditionary Airlift Squadron on Al Udeid Air Base, and the Area Support Group-Qatar from Camp As Sayliyah helped in the delivery of the aid.“Support of this magnitude at such speed wouldn’t be possible without the joint effort of all members of Al Udeid Air Base, our U.S. Army counterparts at Camp As Sayliyah and our gracious Qatari partners,” said Brig. Gen. Daniel Tulley, 379th Air Expeditionary Wing commander in the statement. “In the wake of tragedy, it truly takes a combined effort to make the mission happen. We do this every day in Qatar, and that’s exactly what we are doing in support of the Lebanese Armed Forces.”Officials said 11 pallets, which contained more than 28,800 military field rations, 11,520 bottles of water, and two pallets of medical supplies were being delivered.According to the Associated Press, the blast killed at least 135 people and injured more than 5,000. 1371