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Photo: Wang Ying/Xinhua via Getty Images

Stocks have clawed back a fraction of its Thursday losses, the worst day for the market since mid-March.

By the numbers: The S&P 500, Dow Jones Industrial Average and Nasdaq Composite opened more than 2% higher on Friday morning.

Why it matters: Volatility looks to be back (at least for now) after a persistent stock rally in recent weeks that was unfazed by the economic downturn caused by the pandemic.

  • The S&P 500 is still about 37% above the lowest point of the stock market slump earlier this year.

Go deeper

Dion Rabouin, author of Markets
Sep 14, 2020 - Politics & Policy

Why new coronavirus stimulus talks are at a "dead end"

Illustration: Aïda Amer/Axios

Senate Republicans last week tried and failed to pass a slimmed down stimulus bill that would have included new money for small businesses, schools and $300 in additional weekly unemployment benefits.

Driving the news: Negotiations are now at "a dead-end street,” Kansas Sen. Pat Roberts said following the bill's failure, and Florida Sen. Marco Rubio said plainly, "Congress is not going to pass another COVID relief bill before the election." In fact, we're about two weeks away from a potential government shutdown.

9 hours ago - Health

Food banks feel the strain without holiday volunteers

People wait in line at Food Bank Community Kitchen on Nov. 25 in New York City. Photo: Michael Loccisano/Getty Images for Food Bank For New York City

America's food banks are sounding the alarm during this unprecedented holiday season.

The big picture: Soup kitchens and charities, usually brimming with holiday volunteers, are getting far less help.

11 hours ago - Health

AstraZeneca CEO: "We need to do an additional study" on COVID vaccine

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

AstraZeneca CEO Pascal Soriot said on Thursday the company is likely to start a new global trial to measure how effective its coronavirus vaccine is, Bloomberg reports.

Why it matters: Following Phase 3 trials, Oxford and AstraZeneca said their vaccine was 90% effective in people who got a half dose followed by a full dose, and 62% effective in people who got two full doses.