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The stock market is on the comeback trail.After another wobbly session, the Dow soared 287 points, or 1.2%, on Friday. It was the index's best day since August.The Dow had soared 400 points at the open before giving up most of those gains and then resuming its rally. The Dow lost 1,378 points over Wednesday and Thursday.The broader S&P 500 jumped 1.4% on Friday. The Nasdaq, which has taken the brunt of the recent stock market turbulence, spiked 2.3%.Despite Friday's rebound, all three major indexes suffered their worst weeks since March. And the S&P 500 is down three straight weeks. That hasn't happened since the Brexit referendum of June 2016.Investing experts weren't exactly sure what turned stocks negative by midday. The driving forces behind this week's downturn -- trade war and interest rate fears -- were around before this week, and yet market volatility is spiking."The sellers have control right now," said Justin Walters, co-founder of Bespoke Investment Group. "The scariest sell-offs are the ones you can't tie to a specific reason."Stocks had turned sharply south over the past week because investors are concerned about rising interest rates. As the Federal Reserve raises rates to keep the economy from overheating, 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."What we are seeing now is changing sands. The ground isn't stable and people are figuring out where to go next," said JJ Kinahan, chief market strategist with TD Ameritrade.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear that tech companies may not hold up well in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.But Big Tech on Friday regained some of its losses. Facebook (FB), Apple (AAPL), Amazon (AMZN), Netflix (NFLX) and Google (GOOGL) were all up.Asian and European markets also came back Friday. The Hang Seng soared 2.2%. Stocks in Shanghai rose 0.9% and the Nikkei rose 0.5%. Stocks in London, Germany and France all rose about a half percentage point.Markets had bounced back Friday morning following news that President Donald Trump plans to meet next month with Chinese leader Xi Jinping at the G-20 summit. That eased some of the investors' fears about another trade war escalation. China also reported its exports rose nearly 15% in September, stronger than expected. That suggests China is weathering the first waves of new tariffs that the Trump administration imposed on billion of Chinese exports this summer.But Kinahan is still worried about US-China trade talks. He thinks that a deal is key in order for the markets to get back on track, adding that a full-blown trade war could undo much of the positives from the Trump administration's pro-business policies."The concern is that if nobody blinks, it could negate all the tax cuts we had," he said.Earnings season also kicked off Friday morning, with JPMorgan (JPM) and Citigroup (C) reporting their quarterly finances before the bell. Wall Street analysts expected the financial sector to post another incredibly profitable quarter — and JPMorgan managed to?beat their already lofty expectations.In times of market turbulence, there's nothing like soaring profits to calm investors' nerves.Rebounds after disastrous market selloffs are common. Investors who think the market may be oversold look to buy stocks they think are suddenly cheap.But markets are fickle. 3804

The Republican National Committee spent over 4,000 at Trump properties in the first two months of 2018, according to Federal Election Commission documents.In just February, according to FEC documents made public Tuesday, the RNC spent more than 1,000 on venue rental and catering at Trump properties in Florida and Washington, DC.FEC filings also show that starting in September 2017, the RNC has paid ,000 monthly to rent space in Trump Tower for the Trump campaign, totaling over 5,000 so far.The 1,000 is about 86% of the committee's entire spending on venue rental and catering for the month, and more than the committee has spent in a single month at a Trump property since the beginning of 2017. Overall, 14% of RNC spending on venue rental and catering has gone to Trump properties since the beginning of 2017.After he was elected President, Donald Trump placed his business into a trust controlled by his adult sons, Don Jr. and Eric, but did not liquidate his holdings or let an independent manager handle the trust without his knowledge -- the approach favored by past presidents and by ethics experts because it separates the president's personal profit motive from his decisions on behalf of the government.The arrangement has drawn criticism from ethics watchdogs, who say it allows for the appearance of a conflict of interest.An RNC official said donors enjoy visiting Trump properties, and also pointed to security, convenience and price as factors in the committee's decision-making. The official added that Trump properties are often cheaper to rent than other venues, noting that the FEC demands the RNC receive market rates.RNC spending at Trump properties in 2018 is up significantly from the previous year; the committee spent just over 2,000 on venue rental and catering at Trump properties in all of 2017. More than half of that spending came at a single July 2017 event at the Trump International Hotel in Washington, DC (for which the hotel was paid 1,250).The RNC spending at Trump properties in February is also up from recent months. Excluding Trump Tower rent, the committee spent about ,500 in December 2017, ,000 in January and 1,000 in February at Trump properties. Almost all of the February spending came from two events at Trump's Doral golf club in Florida and another event at the Trump hotel in DC.Since the beginning of 2017, the RNC has spent nearly 0,000 at Trump properties, including the monthly rental payments and the spending on venue rental and catering.FEC records also show that the RNC has paid John Pence, Vice President Mike Pence's nephew, over ,000 a month since September for his work on the Trump campaign, where he serves as a deputy executive director.The RNC has also made several payments to Parscale Strategies LLC, the company belonging to Trump's 2020 campaign manager,Brad Parscale.Parscale's company received a series of ,000 fees from the RNC throughout the summer of 2017, totaling ,000. From November through the end of February 2018, the RNC paid the firm more than .5 million.In addition to the spending at Trump properties and Trump-linked consulting firms, CNN reported that the RNC spent more than 0,000 in August of last year to cover some of President Trump's legal fees associated with the federal investigation into Russian meddling in the 2016 election.In addition to the RNC's spending, the National Republican Congressional Committee, the party's official campaign arm, spent just over ,500 at Trump properties in February, FEC filings show.The RNC raised .8 million in February and entered March with over million in cash on hand.  3681

The Trump administration asked the Supreme Court on Monday to put on hold a federal appeals court ruling from last week that narrowed the scope of the travel ban as it applies to a certain class of refugees.In a brief filed with the Supreme Court, Justice Department lawyers said that a three-judge panel from the 9th US Circuit Court of Appeals was wrong to exempt those refugees who have a contractual commitment from resettlement organizations.In a one-sentence order issued Monday afternoon, Justice Anthony Kennedy -- who has jurisdiction over the 9th circuit -- granted the government a temporary stay until Tuesday in order to give the challengers time to respond to the government's petition.The travel ban bars people from Iran, Libya, Somalia, Sudan, Syria and Yemen from entering the US.Last week, the lower court narrowed the scope of the travel ban for extended family members such as grandparents and refugees.In his filing, acting Solicitor General Jeff Wall said DOJ was only asking for a stay for the lower court ruling as it applies to the refugees. Wall said the administration has already been allowing in close family members, but allowing in the refugees would "upend the status quo and do far greater harm to the national interest."The issue of the scope of the ban has been playing out in the lower courts, but the Supreme Court is set to hear the larger issues concerning the merits of the case on October 11. 1442

The Supreme Court will allow absentee ballots in North Carolina to be received and counted up to nine days after Election Day, in a win for Democrats. The justices on Wednesday refused to disturb a decision by the State Board of Elections to lengthen the period from three to nine days, pushing back the deadline to Nov. 12. The board’s decision was part of a legal settlement with a union-affiliated group. Under the Supreme Court’s order, mailed ballots postmarked on or before Election Day must be received by 5 p.m. on Nov. 12 in order to be counted.The decision stands in contrast with a decision made by the Supreme Court earlier in the week not to extend the deadline in Pennsylvania for the state to count mail-in ballots received after Election Day. 766

The Royal Oak Police Department has completed our internal investigation into the August 13 incident involving an African American man and the Royal Oak police.On behalf of the police department, I would like to apologize to Mr. Myers for how he was treated. What should have been a very short encounter was extended when the officer involved insisted on getting Mr. Myers' identification. The officer had no legal right to demand the identification and should have simply advised Mr. Myers why we were there and allowed him to go on his way. The officer involved is a new, probationary officer and he made a mistake. This officer will be provided with remedial training to address this issue.Early in this encounter, Mr. Myers requested a supervisor make the scene. Although the first officer did not call for a supervisor, the second officer on scene did.The responding supervisor did not handle this situation in a manner I expect Royal Oak supervisors to conduct themselves. He did quickly advise Mr. Myers that he was free to go; however, he did not effectively look into the situation or allow those present the opportunity to express their concerns.This is not the practice of the Royal Oak Police Department and it is not acceptable. The supervisor has been disciplined and every Royal Oak police supervisor has received additional training in procedural justice.This incident stemmed from a 911 call in which the caller reported she was uncomfortable because a male subject was circling her vehicle, staring at her from across the street, and was possibly taking pictures of her and her son. In total, Mr. Myers was verbally detained for approximately 19 minutes. A supervisor was called to the scene, per Mr. Myers request, about 6 minutes into the encounter and the supervisor arrived approximately 11 minutes later (17 minutes into the encounter). Mr. Myers was advised he was free to go 2 minutes after that.This is an unfortunate incident where the ROPD did not live up to our own standards.Corrective action has been taken and we will continue to hold all members of the ROPD to the highest standards. 2124

来源：资阳报