Updated Mar 2, 2020 - Economy & Business

Stocks jump more than 4% after last week's sell-off

Traders work on the floor of the NYSE. Photo: Spencer Platt/Getty Images

Stocks closed up more than 4% on Monday, rebounding from Wall Street's worst week since the financial crisis. The S&P 500 is 8% below its record high, moving out of correction territory.

The big picture: The gains come despite more news of the coronavirus outbreak spreading in the U.S. and around the globe. Central banks, including the Federal Reserve, indicated willingness to step in to soften the blow of any coronavirus impact to the global economy.

By the numbers: The S&P 500 and the Nasdaq Composite rose 4.6% and 4.4%, respectively. The Dow Jones Industrials Average rose 1,293 points, or 5%.

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Stocks rebound after Wall Street’s worst day since 1987

Photo: Bryan R. Smith/AFP via Getty Images

Stocks closed up more than 9% on Friday, following the stock market's worst day in 30 years.

Why it matters: Stocks jumped during Trump's coronavirus press conference, ending Wall Street's wild week with its best single-day performance since the financial crisis.

Go deeperArrowUpdated Mar 13, 2020 - Economy & Business

Wall Street rebounds from worst day in 30 years

Traders working at the NYSE on Monday. Photo: Michael Nagle/Xinhua via Getty Images

Stocks closed up 6% on Tuesday afternoon, making up almost half of the losses from the stock market's worst day since 1987.

Why it matters: Stocks rose as measures to shield companies and the economy from the coronavirus impact — including an announcement by the Fed and a White House stimulus plan that includes sending cash payments to Americans — came to light.

Go deeperArrowUpdated Mar 17, 2020 - Economy & Business

Stocks sink 4% as Dow closes in bear market

Photo: Spencer Platt/Getty Images

Stocks fell more than 4% on Wednesday, with the Dow closing in bear market territory — or 20% below the record high hit in February.

Why it matters: The Dow's steep drop ends one major index's record 11-year stretch without a 20% decline, as Wall Street grapples with just how bad the coronavirus will be for the global economy. The S&P 500 is about 30 points away from hitting bear market territory.

Go deeperArrowUpdated Mar 11, 2020 - Economy & Business