Stocks Rebound From Selloff
The Dow Jones industrial average rebounded Monday as investors snapped up shares of companies battered in last week’s selloff. The Dow’s strength lifted other market measures out of a slump despite lingering worries that interest rates are headed higher.
The Dow rose 201.66, its steepest point gain since Jan. 7. The rally helped the Nasdaq composite index bounce back from a midday loss of 120 points to close up 53.28 at 3,940.35.
The Standard & Poor’s 500 rose 34.30 to 1,394.46.