- U.S. stocks rose on Monday, with gains in Amazon and technology stocks as well as a surprise rebound in U.S. factory activity helping markets attempt a recovery from steep weekly losses due to concerns over the coronavirus epidemic.
ISM data showed the manufacturing expanded in January after five straight months of contraction, indicating that a slump in business investment has probably bottomed out. Google-parent Alphabet Inc gained 3.1% ahead of its quarterly results, which will wrap up earnings for the so-called FAANG stocks.
The only reason for a rebound is the fact that the gov is propping it up. They think everyone is stupid.
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