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Stocks are in the midst of a scary October slump, sliding sharply again on Wednesday because investors are worried about rising interest rates.The Dow fell 800 points and dipped below 26,000 for the first time in a month. All 30 Dow stocks were in the red. The Dow was on track to have its third-worst point drop ever. The Dow fell by more than 1,000 points twice this year -- their biggest ever -- because of inflation fears.The S&P 500 posted its fifth straight decline. And tech stocks were getting hit particularly hard. The Nasdaq dropped 3.5%.October has often been a nerve-racking month for investors, and this month is living up to that reputation. All three indexes are in the red this month. But the Nasdaq has really taken it on the chin: It has plunged more than 7% already in October. 835

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

Synthetic weed tainted with rat poison has made its way to Milwaukee and it’s been linked to at least three illnesses in the city in 24 hours. Dr. Jon Meiman with the state health department says the effects of the fake drug can be “unpredictable,” with side effects ranging from nausea to seizures and even death. "The synthetic cannabinoids that we're seeing here are causing severe bleeding, and that's very unusual,” Meiman said. The synthetic pot can be found at gas stations and other convenience stores sold under names like K2 or Spice. The drug is meant to minim the effects of marijuana but can be far more dangerous. "They work on the same parts of the brain that marijuana does, but they can have very different effects depending on the specific chemicals," Meiman said. The health department says it’s sent two people to the hospital in Milwaukee. In nearby Chicago, the poison-laced product is linked to three deaths. Health officials are trying to trace the source of the rat poison-synthetic pot.  1061

TAMPA, Fla. — Police say that street racing led to the death of a mother struck by a vehicle while pushing her child in a stroller in Tampa, Florida. Three people have been arrested.According to Tampa Police, two cars were street racing down Bayshore Boulevard on Wednesday afternoon when one of the vehicles struck the mother and child near W. Knights Avenue in Tampa.Tampa police say the mother, 24-year-old Jessica Reisinger, and the 2-year-old child were sent to the hospital with serious injuries. Reisinger died at the hospital and the 2-year-old is currently in serious condition.  616

Superhero creator and legend Stan Lee has filed a lawsuit in excess of billion against a company he co-founded.The suit, filed Tuesday Los Angeles Superior Court, alleges that Pow! Entertainment conspired with two employees to steal Lee's identity.According to the lawsuit obtained by CNN, Pow! Entertainment CEO Shane Duffy and co-founder Gill Champion "conspired and agreed to broker a sham deal to sell POW! to a company in China and fraudulently steal Stan Lee's identity, name, image, and likeness as part of a nefarious scheme to benefit financially at Lee's expense."The complaint centers around the 2017 sale of the company to Hong Kong-based Camsing International.Lee, Champion, and Arthur Liberman formed Pow! Entertainment in 2001, the suit states.Lee, who helped create Black Panther, Iron Man, the X-Men and countless other Marvel characters in comic books and on the big screen, was led to believe he had entered into a non-exclusive licensing agreement with Pow!, according to the complaint.Lee says the defendants fraudulently obtained his signature, allowing Pow! Inc. to gain "the exclusive right to use Lee's name, identity, image and likeness on a worldwide basis in perpetuity."The complaint also states that Duffy, Champion and Lee's former business manager Jerardo Olivarez (who is not named as a defendant in the suit) took advantage of his grief over the death of his wife of 70 years, Joan B. Lee, last year and his poor eyesight due to macular degeneration.In the suit, Lee alleges that Olivarez managed to convince him to sign a power of attorney to gain control over Lee's assets.Duffy and Champion have not responded to CNN's request for comment.CNN has reached out to Lee and Pow! Entertainment for comment. "Lee does not recall anyone reading the Illegitimate Document to him, and, due to his advanced macular degeneration, he could not have read it himself," the complaint states.Lee filed a separate suit against Olivarez in April, alleging fraud and financial abuse of an elder.CNN was unsuccessful in attempts to reach Olivarez.But in April, Olivarez denied to The Hollywood Reporter that he had misappropriated Lee's funds."Mr. Lee told me I had given him a new lease on life after Mrs. Lee's passing," Olivarez said. "I had looked out for him during recent contract negotiations with Pow! [Entertainment]. He gave me a check as a thank-you."In the days after his wife's death, the suit alleges that certain individuals took great advantage of Lee by firing his banker and his longtime lawyers, along with transferring almost million out of one of his accounts, forging a 0,000 check, and buying a 0,000 condo.The suit follows an investigative piece by The Hollywood Reporter about possible elder abuse involving Lee, who is 95.A tweet from Lee's official Twitter account on Tuesday referenced identity theft."Help! Someone has hijacked my Facebook and Instagram," the post read. "I want everyone to know whoever is writing them is a fraud and is impersonating me. How do I get them back? Can you guys help?"  3071