Richard Drew/AP

Stock markets are having their best day of the year, though you wouldn't have predicted it in the hours immediately following President Trump's speech to Congress. Markets were initially unresponsive on the lack of specifics regarding tax and regulatory reform, but following rave reviews of the tone of the speech and bullish economic data released this morning, stocks shot to new highs.

Dow 21,000: The Dow Jones rose more than 300 points as of this afternoon, good for a roughly 1.5% gain. The S&P 500 and Nasdaq have also risen, 1.38% and 1.26%, respectively.

Retail not invited to the party: The news that the White House favors the border adjusted tax, which hurts importers, dinged retail stocks, with the SPDR S&P Retail ETF falling 0.15%.

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3 hours ago - Health

Fauci says if people won't wear masks, maybe it should be mandated

Anthony Fauci. Photo: Graeme Jennings- Pool/Getty Images

NIAID director Anthony Fauci told CNN on Friday evening that if "people are not wearing masks, then maybe we should be mandating it."

Why it matters: Fauci made the comments the same day the U.S. hit its highest daily COVID-19 case count since the pandemic began.

Harris to Black voters: Casting a ballot is about honoring your ancestors

Democratic vice presidential nominee Kamala Harris speaks at a "Get Out The Vote" rally at Morehouse College. Photo: Elijah Nouvelage/AFP via Getty Images

Sen. Kamala Harris appealed to Black voters in Georgia on Friday, urging them to "honor the ancestors" by casting ballots, and again calling President Trump a "racist."

Why it matters: The U.S. saw a significant decline in African-American voter turnout between 2012 and 2016, reaching its lowest point since 2000. Higher turnout among Black Americans this year could tip the balance in favor of Democrats in key battleground states, including Georgia.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci: Trump hasn't been to a COVID task force meeting in months.
  2. Sports: The youth sports exodus continues — Big Ten football is back.
  3. Health: U.S. hits highest daily COVID-19 case count since pandemic began —AstraZeneca to resume vaccine trial in U.S.How to help save 130,000 lives.
  4. Retail: Santa won't greet kids at Macy's this year.
  5. World: Spain and France exceed 1 million cases.