*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.
Cheddar News looks ahead to Thursday as another day of earnings is slated to hit the markets along with a revised reading of GDP data.
Mortgage demand fell to its lowest level since 1995 as rates climbed.
Electronic truck maker Nikola says it will begin offering advanced driver assistance technology for its trucks next year.
Elon Musk's Starlink reportedly is rolling out new prices based on its capacity to deliver services.
YouTube Music is allowing users to create their own personal radio station.
Ben Straley, founder, and CEO of digital asset platform Thred joined Cheddar News to discuss the company’s operations.
Chinese search giant Baidu's Ernie bot is being compared with ChatGPT and will be integrated into its search experience.
The parent company of stores like TJ Maxx, Homegoods and Marshalls, posted mixed results in its latest quarter, prompting it to slash its outlook for the full year.
A survey says about 20% of Americans have a high-yield savings account. Preston Cherry, founder and president of Concurrent Financial Planning, joined Cheddar News to explain why it's a good time to open an account now.
Amazon Closes On One Medical Deal
