Stocks recovered Monday after a dismal week of losses, as investors looked to central bank support amid the global market meltdown caused by the quickly-spreading coronavirus.
The Dow Jones Industrial Average closed up 1,293.96 points, or 5.1%. The S&P 500 climbed 4.6% and the Nasdaq 4.5%.
Leading the Dow higher were Apple, Walmart, and Boeing.
The ISM Manufacturing Index fell to 50.1 in February from 50.9. Economists were expecting an index reading of 50.5.
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