Dow surges 530 points | Trump pushes for airline aid | VP debate ahead

Volatility cuts both ways, as Wednesday's session showed.

VIEW IN BROWSER | SUBSCRIBE WED, OCT 07, 2020 EVENING BRIEF AS OF WED, OCT 07, 2020 • 04:20 ET DJIA 28303.46 +1.91% +530.70 S&P 500 3419.44 +1.74% +58.49 NASDAQ 11364.60 +1.88% +209.99   Most Active DOW NAME LAST CHG %CHG AAPL 115.08 +1.92 +1.70% BA 164.61 +5.07 +3.18% MSFT 209.83 +3.92 +1.90% S&P 500 NAME LAST CHG %CHG AAPL 115.08 +1.92 +1.70% GE 6.31 +0.14 +2.27% AAL 13.07 +0.54 +4.31% NASDAQ NAME LAST CHG %CHG AAPL 115.08 +1.92 +1.70% AAL 13.07 +0.54 +4.31% AMD 86.69 +2.21 +2.62%   EDITOR'S NOTE Volatility cuts both ways, as Wednesday's session showed.   The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite were all up more than 1% after President Donald Trump indicated support for an aid package targeted at airlines, one of the hardest-hit industries during the pandemic.   In a series of tweets late Tuesday, Trump said: "The House & Senate should IMMEDIATELY Approve 25 Billion Dollars for Airline Payroll Support, & 135 Billion Dollars for Paycheck Protection Program for Small Business." Trump also pushed for another round of $1,200 stimulus checks for Americans. Earlier Tuesday, he instructed administration officials to halt stimulus negotiations with the Democrats, sparking a sharp sell-off. The evening tweets led the major averages to erase their losses from the previous session. They also gave investors hope that a smaller stimulus could be pushed through before the election.   White House economic advisor Larry Kudlow told CNBC's "Squawk Box" that Trump thinks both sides are "too far apart for a gigantic bill." But "a small bill? A targeted bill? ... They were willing to compromise on the [continuing resolution] to keep the government open. Why not do it again?"   To be sure, tensions between both parties remain high, which could make passing even a smaller aid bill hard and keep the market on edge.   "The wall of worry remains under construction, and for good reason," said Terry Sandven, chief equity strategist at U.S. Bank Wealth Management.   Catch The News with Shepard Smith at 7 p.m. ET on CNBC. The nightly newscast provides deep, non-partisan coverage and perspective on the day's most important stories. Fred Imbert | CNBC Markets Reporter @foimbert TOP NEWS  Dow rallies more than 500 points for its best day since July Eli Lilly shares jump after company says it's seeking FDA clearance for antibody drug Cramer: You're going to be on the 'wrong side of the trade' if you invest based on Trump's tweets Delta is shuffling its management ranks as coronavirus reshapes airline needs Here's what Mike Pence and Kamala Harris need to do in the vice presidential debate Booking Holdings CEO makes a plea for aid for airline industry: 'Why do we want to wreck it?' Trump has been symptom-free for more than 24 hours, doctor says in new Covid memo Activist investor Dan Loeb calls on Disney to end its $3 billion annual dividend and use the funds for Disney+ content Justices wary of upending tech industry in Google v. Oracle Supreme Court fight Fed officials worried that lack of help from Congress will threaten recovery, minutes show   TOP VIDEO Here's how the stimulus stalemate could create economic fallout   CNBC PRO Here are all the stocks top investor David Giroux called out in our PRO Talk   SPECIAL REPORTS Stocks rise after Trump backs relief for airlines—Larry Kudlow and others on what's next 68% of people are significantly stressed by the election — here are 4 science-backed ways to cope with election anxiety   Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS