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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

Texas Gov. Greg Abbott called for action on Friday in the wake of a deadly school shooting in Santa Fe, Texas."We need to do more than just pray for the victims and their families," said Abbott, a Republican, during a news conference in response to the shooting. "It's time in Texas that we take action to step up and make sure this tragedy is never repeated ever again in the history of the state of Texas."Abbott said he plans to convene "roundtable discussions" next week that will bring together lawmakers and community members with a wide array of perspectives.RELATED: Trump on Texas school shooting: 'This has been going on too long in our country'"Beginning immediately, I'm going to be working with members of the Texas Legislature but also members of our communities across the entire state of Texas, to begin with roundtable discussions beginning next week where we will assemble all stakeholders to begin to work immediately on swift solutions to prevent tragedies like this from ever happening again," Abbott said.The governor added he wants input from parents, students, teachers and gun rights supporters.Abbott suggested he hopes the discussions will lead to legislation: "We want to hear from everybody who has an interest in what has happened today, so we can work together on putting together laws that will protect Second Amendment rights but at the same time ensure that our communities and especially our schools are safer places."Lawmakers across the country condemned the shooting on Friday. President Donald Trump said in remarks from the White House that mass shootings have been "going on too long in our country."Ten people were killed in the shooting Friday morning at Santa Fe High School and another 10 were wounded, Abbott said during his news conference.The governor called it "the worst disaster ever to strike this community."The-CNN-Wire 1881

Students at a California high school may have eaten cookies with another student's dead grandmother's ashes in them.Police are investigating after accusations have been made against students that they put the ashes in sugar cookies and gave them to nine classmates, according to KOVR in Sacramento.No one who ate one of the cookies got sick, the police report says."I have not heard of anyone getting sick, or anybody being harmed as far as physically or physiologically by this," Lt. Paul Doroshov with the Davis Police Department said to KOVR.The investigation is still ongoing; the cookies themselves have not been tested. 638

The American Red Cross is now checking all blood donations for coronavirus antibodies, instead of just searching for recovered patients. The organization is calling it a “game changer.”“We can then not only inform that donor of the testing results that we've identified COVID-19 antibodies in their blood, but also use that product as convalescent plasma to help patients who are ill with COVID-19 in the hospital,” said Dr. Pampee Young, Chief Medical Officer at the American Red Cross.Early results from the National Institutes for Health show the plasma can make a big difference for severely sick COVID-19 patients. And data from these new tests will help those researchers working to better understand the virus.The Red Cross says the need for whole blood donors is constant, but plasma is more unpredictable.Over the summer, plasma supplies ran low after unprecedented infections and demand in some states.Now, they're asking more donors to step up to restock for another potential surge in the fall and winter.“Because we can’t predict the demand, we want to ensure that we have enough inventory, because what really saves lives are the units that are on the shelf, not something that we need to collect once we realize there’s a need,” said Young.The Red Cross has taken additional safety steps during the pandemic. That includes making an appointment.You can sign up online at RedCrossBlood.org or by using the blood donor app. 1444

TAMPA, Fla. — University of South Florida Professor Dr. Jay Wolfson and health experts around the world are studying the latest research project on the coronavirus."This thing gives us surprises almost every week. We learn something new, and it's usually unpleasant every week," said Wolfson.The new research is from Australia's National Science Agency, and it found the virus could survive and remain infectious on surfaces like glass, steel, and paper for up to 28 days."What they are concerned about, what we are all concerned about it, is if you have some viable virus on your fingers and you touch your eyes or you touch your nose or you touch your friend's eyes or nose, there's a greater risk of it being brought into the body if there's enough of it there," said Wolfson.But Dr. Thomas Unnasch, also with USF Health, says this study was done with perfect conditions for a virus to thrive."They put the virus under different surfaces and then preserve them in the dark at ideal temperatures and humidity. So it's not too surprising that under those ideal conditions, that it would last quite a bit longer than it would under normal conditions."While experts agree COVID-19 primarily spreads from person to person through droplets in the air, there is still more to understand about how it can transfer from objects or surfaces to people."People do have a proclivity to touch their face and their eyes, so if you are in a place that's not familiar to you and you are using things that are unfamiliar to you, just be careful," said Wolfson."Your own cell phone, if you are the only one using it, that's not a big deal. But door handles, faucet handles elevator buttons things like that. Wash your hands after you do that. That's a really good idea," said Unnasch.All of the experiments in this study were done in the dark. Research has shown direct sunlight can kill the virus.This story was first reported by Erik Waxler at WFTS in Tampa Bay, Florida. 1965