By Justin Pei
Rochester — U.S. stocks climbed on Monday during volatile trading as the stock market tried to rebound from its worst week since the 2008 financial crisis amid fears of a coronavirus outbreak in U.S. communities.
The Dow Jones Industrial Average rose 3.8% or 773.26 points higher. The S&P 500 and Nasdaq Composite each climbed 2.7% or 77 points. All three indexes fell more than 10% last week, their biggest weekly decline since October 2008. Those declines came after a sharp increase in coronavirus cases outside of China.
Investors are waging that the Federal Reserve and other major central banks may lower interest rates, possibly in tandem to boost stimulus efforts. The 10-year U.S. Treasury yield fell as low as 1.031% on Friday. Most recently it was 1.072%.
