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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 world's No. 1 tennis player’s offer to upgrade a tennis center in Boca Raton was rejected by the public park system’s leadership Monday, and many in the community call it a win. The Greater Boca Raton Beach and Park District had been looking to upgrade Patch Reef Park since 2014.Tennis star Rafael Nadal wanted a tennis academy in his name, which would have included restaurants, dorms, indoor and outdoors courts.The district has been looking at renovating the tennis center at Patch Reef Park since 2014. Last summer, Rafael Nadal had reached out and offered to help build a new indoor facility. "It just wasn’t right. It was wrong. We’re happy to have Nadal here but build elsewhere. This place belongs to the people of Boca Raton," said Dina La Voe, an advocate of Patch Reef Park. Instead, the park will make a request for proposals and have more public input. It’s possible for Nadal to win a bid that way.At the beginning of the month, renderings of the facility were shared and the facility was called the “Rafael Nadal Academy.” The renderings showed indoor and outdoor tennis courts, dormitories, and restaurants.District executive director Arthur Koski said the district was not going to agree to what the Nadal group had offered. “We advised the Nadal group that an academy would not be something we would consider.” “Right now, we think the best first step is a step backwards,” said Koski.Some people in Boca Raton were not happy to hear about the proposed Nadal Academy. “It looks to me like they are tearing everything out of here,” said Dan Bianco. Koski said he would like to see different ideas about an indoor tennis center that would fit everyone's needs. 1745

The U.S. has surpassed another bleak marker in the COVID-19 pandemic, as the country has reached 10 million confirmed cases of the virus, according to a database kept by Johns Hopkins.The milestone comes just hours after global cases surpassed 50 million, meaning about one out of every five people around the world diagnosed with the virus since the pandemic began has been diagnosed in the U.S.At least 237,000 Americans have died of the virus since the pandemic began. The U.S. continues to lead the world in both total cases and in deaths linked to the virus.The U.S. surpassed its 10 millionth case as the country deals with a disturbing spike in infections ahead of the winter months. The country surpassed 120,000 new cases in a single day three times last week, obliterating previous records. Prior to last week, the most confirmed cases the U.S. had seen in a single day was 102,000.The U.S. has recorded a million new cases of COVID-19 in the last 10 days alone. The country surpassed the 9 million case plateau on Oct. 30.In addition to the spike in cases, hospital resource use is also on the rise, and deaths linked to the virus are up slightly in recent days, though the death rate is not near what it was in March and April. Johns HopkinsHealth experts have warned that the U.S. is currently in a perilous position in the pandemic, with transmission rates as high as they have ever been as Americans move social gatherings indoors for winter months.In a memo last week, Dr. Deborah Birx — a member of the White House coronavirus task force — warned that the country is entering "the most deadly and concerning" phase of the pandemic.Late last month, Dr. Anthony Fauci — a member of the White House coronavirus task force and the county's top expert on infectious diseases — warned that the U.S. was in for a "whole lot of pain" if things didn't change soon.The U.S. did get some good news in the pandemic on Monday, as Pfizer announced that its vaccine candidate has been 90% effective in promoting immunity against the virus. However, even if the vaccine were to get FDA approval in the next few days, it would still take several months for most of the country to be vaccinated — and officials fear that vaccine skepticism could keep immunity levels below the threshold to stifle the virus. 2314
The world's No. 1 tennis player’s offer to upgrade a tennis center in Boca Raton was rejected by the public park system’s leadership Monday, and many in the community call it a win. The Greater Boca Raton Beach and Park District had been looking to upgrade Patch Reef Park since 2014.Tennis star Rafael Nadal wanted a tennis academy in his name, which would have included restaurants, dorms, indoor and outdoors courts.The district has been looking at renovating the tennis center at Patch Reef Park since 2014. Last summer, Rafael Nadal had reached out and offered to help build a new indoor facility. "It just wasn’t right. It was wrong. We’re happy to have Nadal here but build elsewhere. This place belongs to the people of Boca Raton," said Dina La Voe, an advocate of Patch Reef Park. Instead, the park will make a request for proposals and have more public input. It’s possible for Nadal to win a bid that way.At the beginning of the month, renderings of the facility were shared and the facility was called the “Rafael Nadal Academy.” The renderings showed indoor and outdoor tennis courts, dormitories, and restaurants.District executive director Arthur Koski said the district was not going to agree to what the Nadal group had offered. “We advised the Nadal group that an academy would not be something we would consider.” “Right now, we think the best first step is a step backwards,” said Koski.Some people in Boca Raton were not happy to hear about the proposed Nadal Academy. “It looks to me like they are tearing everything out of here,” said Dan Bianco. Koski said he would like to see different ideas about an indoor tennis center that would fit everyone's needs. 1745
The RV industry, like every other sector of the travel industry, took a hit in business at the start of the coronavirus pandemic.“April was down about 30 to 35%,” said Jim Bracking.Bracking is the manager of the Loveland RV Resort in Colorado.“For every reservation we were gettingm we were getting a couple of cancellations,” Bracking added.However, about a month after a slew of cancellations came in, things have started to pick up significantly.“Reservations are up quite a bit,” said Bracking. “If you have been in the office, you could see the reservation clerks are very busy.”Vacationers started rebooking road trips as soon as Colorado and other states started to reopen.“You just got to get some form of normalcy back and yet be safe. This is one of the only ways we know how to do it,” said Suzie Limppo, who is vacationing in an RV at Loveland RV Resort.RV resorts, RV parks, and RV rentals are seeing a bounce back across the country.“We are now up over 1,000 percent from where we were in April,” said Jon Gray with RVshare.RVshare rents RV to vacationers and it’s just one RV rental company that has seen dramatic increases in rentals.“There is a premium on keeping your distance. There’s a premium on driving to where you want to go instead of flying, because people are afraid to get on airplanes right now,” said Gray. “So, we thought those things benefitted our business, but we didn’t realize it benefitted it as much as it has. It has been truly amazing.”The RV industry is one of the only sectors of travel and leisure seeing such a strong rebound, and until the threat of COVID-19 is behind us, industry experts expect continued high demand.“It is clear that this summer is a moment for the RV industry, for drive-to travel and for people kind of experiencing travel in a different way,” said Gray.Because of high demand, RV rental companies and resorts warn those interested in taking road trips and camping should book soon.“If somebody want to go camping, they should book their reservations now,” said Bracking. “For this year and even next year, because they are filing up and I suspect by July 4 they are going to be very full.” 2165
来源:资阳报