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Tech tumble jams Wall Street into reverse; sharpest fall since June

NEW YORK - Wall Street’s main indexes closed sharply lower on Thursday, marking their deepest one-day declines since June as investors dumped the high-flying technology sector, while economic data highlighted concerns about a long and difficult recovery. The Nasdaq led the pullback with a decline of almost 5% a day after it and the S&P 500 posted record closing highs. The Nasdaq’s biggest drags came from heavyweights Apple Inc ( AAPL.O ), Microsoft Inc ( MSFT.O ), Amazon.com Inc ( AMZN.O ), Tesla Inc ( TSLA.O ) and Nvidia Corp ( NVDA.O ). The S&P tech sector .SPLRCT and the Philadelphia chip index .SOX both fell almost 6% on the day. Markets had soared from March lows, powered by fiscal and monetary support hopes for a swift economic recovery. But some participants said investors had become too optimistic. “Think about the mounting number of risks the market has been shrugging off over the last couple of months here,” said Emily Roland, co-chief investment strategist at John

South Korean doctors expected to end strike as COVID cases surge

SEOUL - South Korean doctors have agreed to end a two-week strike which has hindered efforts to curb a new wave of coronavirus infections, Prime Minister Chung Sye-kyun said on Friday, after overnight talks over the government’s medical reform plans. Some 16,000 intern and resident doctors have been on strike since Aug. 21. Trainee doctors are the backbone of healthcare services in emergency rooms and intensive care units, and volunteer at temporary testing stations. The doctors oppose the reform proposals, which include increasing the number of doctors, building public medical schools, allowing state insurance to cover more oriental medicine, and expanding telemedicine. The government says the initiatives could help better deal with health crises like the coronavirus, but the doctors argued it would only deepen the concentration of physicians in cities without improving poor medical infrastructure and work conditions in rural provinces. Chung said the government, the ruling party

Ireland Baldwin puts her assets on display in a pink bra and a pair of jeans as she takes her beloved Husky for a walk

Ireland Baldwin has been enduring a tranquil quarantine with boyfriend Corey Harper and her army of rescue dogs amid COVID-19.  But the 24-year-old model was spotted beyond the confines of her home on Thursday afternoon as she took her beloved Husky for a walk in Los Angeles. Baldwin put her ample chest on display in a bright pink bralette that matched the rubber band in her hair. Dog mom: Ireland Baldwin was spotted beyond the confines of her home on Thursday afternoon as she took her beloved Husky for a walk in Los Angeles She paired the jaw dropping top with some high-waisted denim jeans. Instead of rocking some trainers or a pair of flip flops, Ireland opted to trek around her neighborhood barefoot.  Her golden hair was neatly slicked back and tied up into a chic top knot.  Natural beauty: Baldwin, 24, put her ample chest on display in a bright pink bralette that matched the rubber band in her hair Ireland, who happens to be the daughter of Alec Baldwin and Kim Basinger, had a rath

Video captures first deadly police shooting under D.C.'s new bodycam law

- Body-worn camera footage released by District of Columbia police on Thursday shows a white officer fatally shoot a young Black man, then leave the suspect for others to attend as he searches for the gun that he says the suspect tossed away. The video, capturing the first deadly Washington, D.C., police shooting since new bodycam rules and other reforms took effect in the District, was made public a day after 18-year-old Deon Kay, whom police described as a known street gang member, was killed. Wednesday’s shooting sparked protests, becoming another flashpoint in a summer of demonstrations over what activists decry as an epidemic of excessive lethal force by police against African-Americans. Word spread through the Southeast neighborhood of the nation’s capital that Kay was unarmed and running away when shot. Releasing video on Thursday from the bodycam of the shooting officer, police said patrol officers had been looking for a man reported to be carrying a gun and recognized the sus

'He represented our community so well': Real Housewives of Potomac's Monique Samuels reveals the impact that late Black Panther star Chadwick Boseman had on her family

Real Housewives of Potomac star Monique Samuels has shared her thoughts on late Black Panther star Chadwick Boseman following his death last week. The reality star, 36, and her family were devoted fans of the actor, even going as far as to name their pet bird T'Challa after Chadwick's Black Panther character. Speaking to Daily Mail Australia, Monique said that the late star's role in the Marvel movie and the way he carried himself in his personal life was an inspiration to the black community. EXCLUSIVE: Real Housewives of Potomac star Monique Samuels has shared her thoughts on late Black Panther star Chadwick Boseman following his death last week 'It was a moment for black America and the world to see a character that we could relate to and look up to, even though it was a movie,' the mother-of-three explained. 'The excitement that my kids had to finally see this successful black superhero,' she continued. 'It was such a big deal and a great movie and

Trump encourages supporters to try to vote twice, sparking uproar

WASHINGTON - President Donald Trump has urged residents in the critical political battleground of North Carolina to try to vote twice in the Nov. 3 election, once by mail and once in person, igniting a furor for appearing to urge a potential act of voter fraud. “Let them send it in and let them go vote,” Trump said in an interview on Wednesday with WECT-TV in Wilmington, North Carolina. “And if the system is as good as they say it is, then obviously they won’t be able to vote” in person. Trump has repeatedly asserted, without evidence, that mail-in voting - expanded by some states because of the coronavirus pandemic - would increase fraud and disrupt the November election, although experts say voter fraud of any kind is extremely rare in the United States. At a rally on Thursday night, Trump repeated his call for voters to go the polls even if they have mailed in their ballot, and he suggested Democrats would try to steal the election by manipulating the mail-in vote. “You have to ma

Asian stocks drop after Wall Street's tech rally stumbles

SINGAPORE/NEW YORK - Asia’s stock markets slipped on Friday, following the steepest Wall Street selloff since June, while safer bonds and the dollar found support as investors sought shelter. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.6%. Japan’s Nikkei dropped 1.3% while markets in Sydney and Seoul fell 2%. The moves are more muted than the 5% plunge on the tech-heavy Nasdaq overnight, or the S&P 500’s 3.5% drop, which traders said was overdue given recent frothy gains. But investors are worried the fall might turn into a deeper rout, with a crucial U.S. payrolls report due later on Friday seen as possible selling trigger if it disappoints. After-hours trade in U.S. tech companies pointed to further pressure and futures dropped, with S&P 500 futures down 0.4% early in Asia and Nasdaq 100 futures down 1.2%. “No single factor sparked the sell-off, rather it seemed to be an accumulation of worries about the rally in the tech sector, overcro