Nasdaq Jumps Despite Costco Pullback; Novavax Starts Vaccine Phase 3 Trial

Stock market volatility has been especially high in September, but there've been moves in both directions. On Friday morning, the Nasdaq Composite (NASDAQINDEX: ^IXIC) managed to move higher, lifted by hopes that some of the worries that have bothered market participants might start to subside. By just after noon EDT, the Nasdaq was up more than 1%.

Earnings season is right around the corner, and late Thursday, Costco Wholesale (NASDAQ: COST) gave investors its latest assessment on how its warehouse retail business is doing. Elsewhere, Novavax (NASDAQ: NVAX) got a big boost as the company moves forward on what could be the most important project in its history.

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Source Fool.com