Tech stocks, upbeat U.S. factory data help Wall Street rebound

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Stock futures point to rebound as China seeks to curb virus impact

- 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.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

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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