*By Carlo Versano*
Stocks bounced back Friday with the Dow Industrials opening higher by 400 points and a strong showing from the FAANG stocks.
At the open, shares of Facebook ($FB), Amazon ($AMZN), Apple ($AAPL), Netflix ($NFLX), and Google parent Alphabet ($GOOGL) added $100 billion to the companies' collective market cap, erasing half the losses from the past two days.
The rally follows a bruising two-day sell-off on Wall Street. A bevy of factors has contributed to the worst week for stocks since February. Among them, worries over tightening monetary policy and the effects of a trade war with China starting to show themselves.
The White House dispatched top officials to quell concerns over the turmoil, even as the president extended his attack on Fed Chair Jerome Powell for what he called "loco" rate hikes.
Treasury Sec. Steve Mnuchin said on CNBC Friday that the markets were seeing a "natural correction" after riding so high since Trump's election. Economic adviser Larry Kudlow [told Cheddar](https://www.cheddar.com/videos/kudlow-tech-still-aint-bad-even-with-correction) tech stocks still "ain't bad" despite leading the markets downward.
The maker of Enfamil announced a recall of about 145,000 cans of infant formula due to the possibility of cross-contamination with a bacteria that can cause serious illness or death.
The first generation iPhone is selling for $63,000 in an online auction.
Facebook parent Meta is reportedly in talks with Tencent to sell its VR headset in China, according to The Wall Street Journal.
The U.S. Environmental Protection Agency ordered Norfolk Southern on Tuesday to pay for the cleanup of the East Palestine, Ohio train wreck and chemical release.
Gene Goldman, chief investment officer with Cetera, joined Cheddar News to discuss Tuesday's market drop after recent rallies.
Vicki Gunvalson, president & founder of Coto Insurance & Financial Services and Debt.com spokesperson on personal loans, joined Cheddar News to provide some tips on what to know about personal loans.
James Straggas, CEO and founder of K9wear, joined Cheddar News to discuss the interchangeable dog harness brand's new partnership and the impact it will have on company operations.
A study shows that most companies want to keep a four-day work week.
Walmart reported fourth-quarter earnings that topped estimates but gave a gloomy outlook for its full year.
Microsoft has struck a deal with Nintendo to make 'Call of Duty' available across its platforms.
