Stock market rebounds after volatile trading week



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Markets
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  • US
    stocks
    opened firmly higher on Monday, extending Friday’s
    gains after a volatile week in which the three major indexes

    slumped into a correction
    — a 10% drop from recent
    highs.
  • The decline coincided with new concerns about inflation
    and was worsened by the wrecking of trades that had bet on low
    volatility.

US stocks are extending
gains from late Friday
, lifting the market further away from
correction territory.

The three major indexes
plummeted into correction
— a 10% drop from recent peaks —
last week after a long, unusually stable period that helped
catapult them to record highs. The 5.2% weekly decline for the
S&P 500 was the worst in two years.

At 1:57 p.m. ET on Monday, the Dow Jones
industrial average
was up 513 points, or 2.1%. The index of
30 large companies including Apple
and Coca-Cola
regained half of its…

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