Traders working at the NYSE on Monday. Photo: Michael Nagle/Xinhua via Getty Images

Stocks closed up 6% on Tuesday afternoon, making up almost half of the losses from the stock market's worst day since 1987.

Why it matters: Stocks rose as measures to shield companies and the economy from the coronavirus impact — including an announcement by the Fed and a White House stimulus plan that includes sending cash payments to Americans — came to light.

By the numbers: The stock market is more volatile now than during the 2008 financial crisis.

  • The S&P 500 rose 5.9% on Tuesday, after closing 12% lower on Monday.
  • The Dow rose 5.1% (or 1,048 points), while the Nasdaq jumped 6.2%. Both indices slumped about 13% yesterday.

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Updated 3 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Pence chief of staff Marc Short tests positive for coronavirus — COVID-19 looms over White House Halloween celebrations
  2. Health: Fauci says maybe we should mandate masks if people don't wear them — America was sick well before it ever got COVID-19
  3. World: Polish President Andrzej Duda tests positive for COVID-19.

Pence chief of staff Marc Short tests positive for coronavirus

Marc Short with Katie Miller, Vice President Pence's communications director, in March. Photo: Doug Mills/The New York Times via Reuters

Marc Short, Vice President Mike Pence’s chief of staff, tested positive for the coronavirus Saturday and is quarantining, according to a White House statement.

Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force.

3 hours ago - World

Opposition leader Leopoldo López flees Venezuela

Venezuelan opposition politician Leopoldo López outside the Spanish embassy in Caracas, in 2019. Photo: Juan Barreto/AFP via Getty Images

Leopoldo López, a former political prisoner and prominent Venezuelan opposition leader, has left the country, his Popular Will party confirmed in a statement Saturday.

Why it matters: He's been an influential force in the push to oust President Nicolás Maduro's regime and a mentor to opposition leader Juan Guaidó. He'd been in the Spanish ambassador's Caracas residence since escaping house arrest in April 2019 following a failed military uprising.