Stocks rose on Wall Street and across Europe on Monday to recover some of their losses from earlier weeks, but markets are still far from giving the all-clear on the virus outbreak that has spread to more than 20 countries. A warning signal of recession in the bond market is still flashing red, and oil tumbled on worries about weakened demand. Chinese stocks lost nearly 8% after investors got their first chance to catch up to losses that have hit other markets.
The S&P 500 rose 23.40 points, or 0.7%, to 3,248.92 .
The Dow Jones Industrial Average gained 143.78, or 0.5%, to 28,399.81.
The Nasdaq climbed 122.47, or 1.3%, to 9,273.40.
The Russell 2000 index of smaller company stocks rose 18.14, or 1.1%, to 1,632.21.
For the year:
The S&P 500 is up 18.14 points, or 0.6%.
The Dow is down 138.63 points, or 0.5%.
The Nasdaq is up 300.80 points, or 3.4%.
The Russell 2000 is down 36.26 points, or 2.2%.