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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 U.S. experienced its largest single-day increase in new COVID-19 cases on Thursday according to figures from Johns Hopkins University.Johns Hopkins public database reports that about 40,000 confirmed cases of the coronavirus were reported to local health departments on Thursday. The previous one-day record for newly reported cases occurred on April 24, when about 36,000 were confirmed to have contracted the virus.According to Johns Hopkins, 2.4 million Americans have contracted the virus, and more than 124,000 have died after contracting it.A graph showing the number of new cases of COVID-19 reported each day in the U.S. (Johns Hopkins)New cases of the coronavirus are currently on the rise in several regions throughout the country. While top federal officials, including President Donald Trump, have maintained that the increase in cases can be attributed to an increase in testing, other concerning statistics, like hospitalizations linked to the virus, are also on the rise.On Thursday, Texas paused efforts to lift lockdown restrictions put in place earlier this year to prevent the spread of the virus. Other local governments have enacted mandates requiring masks in public.Vice President Mike Pence will hold a press conference along with the White House coronavirus task force on Friday in response to the rising case numbers. 1355

The Trump campaign has dropped a lawsuit in Arizona in which they were requesting a review of ballots cast on Election Day.The lawsuit was filed Saturday and claimed some voters were worried their ballots didn’t count correctly if the machines classified a race as “overvoted”, where more than one selection was made by mistake.A judge in Phoenix held a six-hour evidentiary hearing Thursday in the case. Later that night, CNN reports, the lawyer for the Trump campaign revised their earlier request and said they would only seek a review of vote counts if the number of “overvotes” exceeded the margin of victory.In paperwork filed with the court Friday morning, the secretary of state and officials with Maricopa County noted that the difference in votes between President-elect Joe Biden and President Donald Trump is 11,414 votes, with 10,315 ballots left to be counted.They also said 191 votes classified as “overvotes” in the presidential race, and they said that number is consistent with previous elections.Friday, lawyers for President Trump’s reelection campaign dropped the lawsuit, filing a notice of “partial mootness” with the court."Since the close of yesterday's hearing, the tabulation of votes statewide has rendered unnecessary a judicial ruling as to the presidential electors," wrote Kory Langhofer, a lawyer for the Trump campaign, in court papers. The lawyer said he did want the judge to rule on their requests to review votes for two down-ballot races. 1485

The Week 12 game between the Baltimore Ravens and the Pittsburgh Steelers has now been moved to Wednesday, the National Football League announced on Monday.The league said the game will be played at 3:40 p.m. ET Wednesday on NBC.This is the third time this game has been moved.It was originally scheduled to be played on Thanksgiving night but was moved to Sunday due to a COVID-19 outbreak within the Ravens.It was then moved from Sunday to Tuesday, and now will be played Wednesday. Last week, reports from the NFL Network said Baltimore Ravens Quarterback Lamar Jackson tested positive for COVID-19.With the rescheduling, the league said other games will be moved around: Steelers will host the Washington Football Team on Monday at 5 p.m. ET which was originally slated for Sunday, while the Ravens will host the Dallas Cowboys on Tuesday, Dec. 8 at 8:05 p.m. ET on FOX/NFL."These decisions were made out of an abundance of caution to ensure the health and safety of players, coaches and game day personnel and in consultation with medical experts," says the NFL.Ravens Coach John Harbaugh released a statement regarding the postponement.We appreciate the efforts of the NFL and Pittsburgh Steelers throughout this process, while we all work to create an environment that keeps the health and safety of everyone involved at the forefront of each decision.Our organization has a plan in place, and we will be prepared to play the Steelers. We thank everyone for their adaptability and look forward to the challenge of facing a very good football team at Heinz Field on Tuesday night.Ravens player Pat Ricard spoke out about the COVID outbreak: The word is out, I tested positive yesterday for COVID. I’ll be using this time to rest/recover along w my teammates/staff who has been affected by this virus. I appreciate all the love and support. We will come back stronger than ever! ?????????— Pat Ricard (@PRic508) November 27, 2020 This story was first reported by Kelly Broderick at WMAR in Baltimore, Maryland. 2030

The Wisconsin Supreme Court said Thursday it will not hear President Donald Trump's lawsuit, which had been requested to overturn election results in two Wisconsin counties.The lawsuit sought to overturn 200,000 ballots in Wisconsin. The decision from the Supreme Court comes just days after the Wisconsin Election Commission officially declared Joe Biden as the winner of Wisconsin."What we had is an abuse of the absentee process, dramatically in Dane and Milwaukee County,” said Jim Troupis, attorney for the Trump campaign.The lawsuit specifically focused on absentee ballots that were cast both through the mail and in person.The suit aimed to dismiss absentee ballots where the clerks' offices "inserted missing information,” people cast ballots "claiming Indefinite Confinement status" even if they "no longer qualified,” and absentee ballots "improperly cast or received at ‘Democracy in the Park’ events,” which were held in Madison.Governor Tony Evers and the Wisconsin Election Commission have said the Trump Administration is required to file the lawsuit in circuit court, not the state Supreme Court.This story was originally published by Julia Marshall at WTMJ. 1183