Stocks rose on Monday in volatile trading as Wall Street tried to rebound from its worst week since the financial crisis amid fears of the coronavirus outbreak.
Apple shares led the Dow higher with a 3.6% jump. Microsoft and Visa both traded more than 2% higher. Tech was the best-performing S&P 500 sector, gaining 1.6%. The Dow, S&P 500, and Nasdaq Composite all fell more than 10% last week, their biggest weekly declines since October 2008. They also entered correction territory, down more than 10% from all-time highs notched earlier in February. Both the Dow and S&P 500 have fallen for seven straight days.
Mainly on the hope's of the federalreserve stepping in. This will set a big precedent if they step in to what could be called a correction. Will they be doing this in the future under a D president? Do they cave under political pressure and drive rates to zero?