Wall Street rebounded Monday morning after weathering its worst week in a decade amid rising fears that the coronavirus will ding the global economy and stunt growth.
The Dow Jones Industrial Average surged on Monday, gaining over 1,200 points in a comeback rally that represented the blue-chip index's best one-day point gain in history.
The rally came as Wall Street traders were bullish after French Finance Minister Bruno Le Maire said G7 finance ministers would convene via conference call on Tuesday to discuss the virus and coordinate an economic recovery plan.
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