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The stomach-churning market scare continues.The Dow tumbled 546 points, or 2.1%, on Thursday following another rollercoaster session. The index briefly turned positive during morning trading before succumbing to heavy selling pressure. At one point the Dow was down 699 points. The Dow has shed 1,378 points over the past two days.The mood on Wall Street was only slightly calmer than Wednesday's 832-point nosedive.The S&P 500 closed down 2.1%, notching its sixth-straight losing session. It's the longest slump for the broad index since just prior to President Donald Trump's election more than two years ago.The Nasdaq briefly tumbled into a correction, signaling a 10% decline from previous highs. But the index climbed out of correction territory and closed down 1.3%.All three major indexes have lost more than 5% this week. That hasn't happened since March."This kind of washout doesn't get accomplished in a day. Even though yesterday felt traumatic, it tends to be a three-day process," said Art Hogan, chief market strategist at B. Riley FBR.The VIX volatility index touched its highest level since February.One positive is that unlike on Wednesday, the market did not close on the lows of the day. The rebound was helped by fresh?reports that President Donald Trump and Chinese leader Xi Jinping have agreed to meet next month at the G-20 summit. Such a meeting could ease fears that the US-China trade war will hurt corporate profits and slow the US economy.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear how these momentum names will hold up in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday."Halloween started early this month for investors," Ed Yardeni, president of investment advisory firm Yardeni Research, wrote to clients.The afternoon sell-off comes even though a new report showed that consumer prices rose less than expected in September.Stocks have turned sharply south in large part because investors are 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. 2551

The US ambassador to Mexico has announced that she is stepping down in May.Roberta Jacobson made the announcement in a tweet in Spanish on Thursday, "I will be departing at the beginning of May, in search of other opportunities."The resignation comes at a time when US relations with Mexico have been strained over issues related to trade and migration and, Jacobson ended her tweet stating, "We are Stronger Together!""I do it knowing the US-Mexico relationship is strong and vital and that this amazing Mission Mexico team will continue to ensure it remains so," she adds. "At this time, I have no news to share on my successor."Jacobson is an experienced US diplomat who was nominated to the position in 2015 by then-President Barack Obama and confirmed the following spring.She was closely involved with the Obama administrations' efforts to reopen diplomatic relations with Cuba in her previous role at the helm of the agency's western hemisphere bureau.John Kerry, who served as secretary of state under Obama, paid tribute to Jacobson on Twitter: 'Whether it was Mexico, Colombia, Cuba and more - Roberta demonstrated the difference diplomacy can make to advance American interests and build peace.'Last weekend, Mexican President Enrique Pe?a Nieto called off an official trip to Washington to meet with President Donald Trump after a tense phone call.CNN previously reported Pe?a Nieto was tentatively planning the trip for March, a White House official said, but the official confirmed that the trip was put on hold following the phone call, which took place on February 20.The-CNN-Wire? & ? 2018 Cable News Network, Inc., a Time Warner Company. All rights reserved. 1688

The Trump campaign has dropped a central part of its lawsuit that seeks to delay the certification of election results in Pennsylvania, the state which proved to be the tipping point for Joe Biden in clinching the presidency.On Sunday, the Trump campaign dropped a portion of a lawsuit that alleged that more than 600,000 mail-in and absentee ballots were processed without Republican poll-watchers present. The claim has been a central part of President Donald Trump's argument that the 2020 election has been beset by widespread voter fraud.The Trump campaign's lawsuit now only focuses on claims that Republicans were "illegally disadvantaged" because some voters in Democratic-leaning counties were afforded the ability to fix mistakes on their mail-in ballots, a process called "curing." The Washington Post reports that the issue would likely only affect a small number of votes.Ballot curing is a process that takes place in several states. According to The Associated Press, there is no provision in Pennsylvania state law that prevents counties from affording voters the opportunity to cure ballots.Biden currently holds a lead of about 70,000 votes over Trump, with nearly all of the votes counted.Despite his campaign's altered lawsuit, Trump on Sunday continued to claim on Twitter — without providing evidence — that poll watchers "were thrown out of vote counting rooms in many of our States."Late Sunday evening, Trump tweeted, "I WON THE ELECTION!" a claim that quickly prompted Twitter to add a clarification to his message clarifying that "official sources have called this election differently." 1622

The World Series and NLCS will be open to fans. According to MLB, 11,500 fans will be allowed into Globe Life Field in Arlington, Texas.The ALCS, held in California this year, will not have fans in the stadium, as of now.With 11,500 fans in the stadium, Globe Life Field will be roughly 25% full. The NLCS will mark the first time fans will be permitted into an MLB playoff or regular season game this year.MLB said the following protocols will be enacted:· Tickets in the seating bowl will be sold in groups of four contiguous seats, called pods. Individuals may purchase a limit of one pod per NLCS and World Series game.· Seats within each pod cannot be broken apart for sale.· Each pod will be a minimum of six feet from each other.· No seats will be sold within 20 feet of where a player can be located on the field, in the dugouts or in the bullpen.· Masks will be mandatory for all fans except when actively eating or drinking at their ticketed seats.· Hand sanitizing stations will be available throughout the ballpark.· No bags will be permitted except for those that are carried for medical reasons or manufactured diaper bags that accompany infants and young children.Tickets go on sale October 6. 1216

The Vatican released a letter Monday from Pope Francis directly addressing for the first time the latest accusations of sexual abuse by priests. Here is the full text of the letter. 189

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