Expand chart
Data: Money.net; Chart: Axios Visuals

The Dow, Nasdaq and S&P 500 all posted gains Tuesday after two straight days of dramatic market sell-offs.

Here's where they closed:

  • Dow Jones: 24,912.77 (+2.33%)
  • Nasdaq: 7,115.88 (+2.13%)
  • S&P: 2,695.14 (+1.74%)

Why it matters: The Dow was at one point down by 567.01 points, before rallying back to a session high of 600.48 and a close of 567.02. The CBOE Volatility Index closed at 37.32, after reaching a 52-week high of above 50 following the Dow's worst single-day point drop in U.S. history.

Go deeper: 3 questions about the CBOE Volatility Index (VIX), answered

Go deeper

Ousted former U.S. attorney for SDNY to testify before House Judiciary Committee

Berman in October 2019 in New York City. Photo: Johannes Eisele/AFP via Getty Images

Geoffrey Berman, the former U.S. attorney for the Southern District of New York, is scheduled to testify to the House Judiciary Committee next week on the circumstances of his forced resignation, Politico reports, citing a congressional aide.

Why it matters: As the top federal prosecutor in Manhattan, Berman oversaw high-profile cases that worried and angered President Trump and his inner circle, including an investigation into his personal lawyer Rudy Giuliani. His removal has added to allegations by Democrats that Attorney General Bill Barr has politicized the Justice Department under President Trump.

Stimulus outlook takes a hit even as coronavirus cases skyrocket

Data: Bureau of Labor Statistics; Chart: Axios Visuals

The pandemic is getting worse, and the question is whether the economic recovery will go with it.

Why it matters: America adding 7.5 million jobs over the last two months pales in comparison to 20+ million lost over the two months prior.

2 hours ago - Health

Texas governor mandates face masks in public spaces

Photo: Mario Tama/Getty Images

Texas Gov. Greg Abbott (R) issued an executive order Thursday requiring all Texans to wear a face covering in public in counties with 20 or more positive coronavirus cases.

Why it matters: It's a dramatic reversal by the Republican governor that underscores the severity of the outbreak in Texas, which set a single-day record on Wednesday with more than 8,000 confirmed new cases. On June 3, Abbott issued an executive order banning local governments from imposing fines on people who don't wear masks in public.