Dow jumps over 500 points, rebounding after Wall Street’s terrible week

Wall Street’s benchmark indexes jumped on Monday, rebounding from a week of heavy losses as investors remained optimistic about a soft landing scenario for the US economy ahead of a crucial inflation report later in the week. In recent trading, the Dow Jones Industrial Average soared 564 points, or 1.4%, to 40,911. The S&P 500 gained 1%, and the Nasdaq advanced 0.8%. Most megacap and growth stocks rose after falling sharply last week, with Tesla and Nvidia adding more than 3% each. Major chip stocks, which also saw heavy selling...