Stocks bounced back after a selloff that erased $9 trillion from the US equity market this year, spurring what some traders called a short-covering rebound from oversold levels.
The S&P 500 climbed from a 13-month low, while the technology-heavy Nasdaq 100 outperformed.
Despite the recovery, sentiment remained fragile amid worries over high inflation, tighter monetary policy and an economic slowdown. Investors will be sifting through comments from several Federal Reserve speakers for clues on the size and pace of looming rate hikes ahead of US inflation data on Wednesday. Treasury 10-year yields dropped below 3%, while the dollar wavered.
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