Wall Street Rebounds on Stimulus Hopes and Technicals After Week of Selloff Panic

Despite the Pickup, Bond Markets Still Signal Investor Worry

Traders and financial professionals work on the floor of the New York Stock Exchange (NYSE) in N.Y. on Jan. 4, 2019. Drew Angerer/Getty Images

U.S. stock indexes rose sharply on Monday, driven by dip-buying, bargain hunting, and on reassurances by central banks and international financial institutions that they stood ready to counter any economic impact from the coronavirus.

At 1:07 p.m. EST, the Dow Jones Industrial Average was up 2.88 percent, the S&P 500 was up 2.56 percent, and the Nasdaq Composite was up 2.55 percent.