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Stock market volatility is back in a big way: The Dow is set for a big rally Friday after a two-day meltdown.Dow futures pointed to a 350-point jump at the open. The Dow lost 1,378 points over Wednesday and Thursday.The broader S&P 500 also looked like it would rally, with futures about 0.9% higher. The Nasdaq, which has taken the brunt of the recent stock market turbulence, was set to rise 1.5%.Why are markets suddenly bouncing back? News late Thursday that President Donald Trump would meet next month with Chinese leader Xi Jinping at the G-20 summit eased some of investors' fears about another trade war escalation. On Friday, China reported its exports rose nearly 15% in September, stronger than expected. That suggests China is weathering the first waves of new tariffs that the Trump administration imposed on billion of Chinese exports this summerEarnings season also kicked off Friday morning, with JPMorgan (JPM) and Citigroup (C) reporting their quarterly finances before the bell. Wall Street analysts expected banks to post another incredibly profitable quarter — and JPMorgan managed to beat their already lofty expectations.In times of market turbulence, there's nothing like soaring profits to calm investors' nerves.Tech stocks have come under fire because they are some of the riskiest and most expensive parts of the market. Investors fear that tech companies may not hold up well in a downturn, particularly as interest rates spike. A proxy for the tech sector had its sharpest plunge in seven years on Wednesday.But Big Tech on Friday looked to regain some of their losses. Facebook (FB) rose 1%, Amazon (AMZN) was up 3%, Apple (AAPL) rose 2%, Netflix (NFLX) was up 4% and Google (GOOGL) bounced back 2%.Asian and European markets also came back Friday. The Hang Seng soared 2.2%. Stocks in Shanghai rose 0.9% and the Nikkei rose 0.5%. Stocks in London, Germany and France all rose about a half percentage point.Stocks had turned sharply south over the past week because investors are concerned about rising interest rates. As the Federal Reserve raises rates to keep the economy from overheating, investors have been getting out of bonds, driving down their price and driving up their yields. Suddenly, the return on bonds has become competitive with some stocks — particularly risky tech stocks.Rising interest rates also increase borrowing costs for households and businesses, eating into corporate profits.The VIX volatility index touched its highest level since February.The-CNN-Wire 2531

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The 2017 World Series is one for the ages and it seems as though every game was decided by the smallest of margins – that's why one gambler's undefeated record is amazing.The mystery gambler was discovered by Pregame.com's R.J. Bell and Bell has been following his earnings from the start.After Game 5 of the World Series, attention picked up around the large amounts of money the gambler was laying down at sports books. 429

Surprise! April the Giraffe may be pregnant again.One of the spokespeople for Animal Adventure Park in New York said on Good Morning America that they "can't confirm nor deny" the possibility of April being pregnant again.April took the world by storm when millions tuned into a live stream daily, waiting for her to go into labor at the zoo. April gave birth to Tajiri earlier this year.  412

The bar where everyone knows your name is closing permanently.After 20 years, the "Cheers" bar at Boston's Faneuil Hall Marketplace is closing.According to CBS Boston, the owner said the decision to close was because of the landlord and the coronavirus pandemic.The Faneuil Hall bar and restaurant is a replica of the bar on the TV show, which ran from 1982 to 1993. The Bull & Finch Pub on Beacon Street that inspired the iconic series and is now known as Cheers Beacon Hill, would remain open, CBS Boston reported.The owner told WGME that the bar will close on Aug. 30. 583