Updated Feb 12, 2018

Dow closes up 400 as market tries to avoid second brutal week

Photo: Spencer Platt / Getty Images

The stock market is picking up after a rocky week, with the Dow up 410 points at market close Monday.

The backdrop: February has proven to be one of the most volatile months for the stock market in years, pummeled by investor fears about inflation and higher interest rates. As Barron's pointed out over the weekend, "trading is expected to be choppier, and investors more nervous than they have been for two years." [Go deeper: Global markets could have "a much bigger shakeout coming"].

Below we'll be tracking the Dow's jumps from open to close:

  • 9:35am (ET): 24,484 (up 294 points from Friday's close of 24,190)
  • 10:25am: 24,330 (down another 154 points, up 140 points from Friday's close)
  • 11:15am: 24,468 (up another 138 points, up 278 points from Friday's close)
  • 12:15pm: 24,626 (up another 158 points, up 436 points from Friday's close)
  • 2:00pm: 24,712 (up 86 points, up 522 points from Friday's close)
  • 4:00 pm: 24,600 (down 112 points, up 410 points from Friday's close)

Go deeper

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 12 p.m. ET: 685,623 — Total deaths: 32,137 — Total recoveries: 145,706.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 12 p.m. ET: 125,313 — Total deaths: 2,197 — Total recoveries: 2,612.
  3. Federal government latest: Trump announces new travel advisories for New York, New Jersey and Connecticut, but rules out quarantine enforcement.
  4. Public health updates: Fauci says 100,000 to 200,000 Americans could die from virus.
  5. State updates: Louisiana governor says state is on track to exceed ventilator capacity by end of this week.
  6. World updates: In Spain, over 1,400 people were confirmed dead between Thursday to Saturday.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

Fixing America's broken coronavirus supply chain

Polowczyk speaks at a coronavirus at the White House March 23. Photo: Brendan Smialowski/AFP via Getty Images

The senior Navy officer now in charge of fixing America's coronavirus supply chain is trying to fill the most urgent needs: ventilators and personal protective gear. But barely a week into his role at the Federal Emergency Management Agency, he's still trying to establish what's in the pipeline and where it is.

Driving the news: "Today, I, as leader of FEMA's supply chain task force, am blind to where all the product is," Rear Admiral John Polowczyk tells Axios.

Go deeperArrow12 mins ago - Health

Louisiana on track to exceed ventilator capacity this week, governor says

Louisiana Gov. John Bel Edwards said on CBS News' "Face the Nation" on Sunday that his state is at risk of exceeding its ventilator capacity by April 4, stating that he has placed orders for "about 12,000 ventilators" but has thus far only received 192.

Why it matters: Louisiana — and particularly New Orleans — is site of one of most intense coronavirus outbreaks in the U.S. Local and state government officials like Edwards have been sounding the alarm about the nationwide shortage of ventilators, which are crucial for treating patients who are unable to breathe for themselves.

Go deeperArrow13 mins ago - Health