ALEX VEIGA
AP Business Writer
Stocks rose sharply on Wall Street Monday, clawing back a small part of the losses they took in a seven-day rout brought on by worries that the coronavirus outbreak will stunt the global economy.
The Dow Jones Industrial Average surged more than 700 points, while the benchmark S&P 500 climbed 2.7%, placing in on track for its best day since January 2019. The S&P 500 is coming off a weekly loss of 11.5%, its worst since October 2008 during the global financial crisis.
Despite the pickup in stocks, the bond market continued to signal worries among investors, who continued to favor low-risk assets. Bond prices climbed, pushing yields to more record lows. The yield on the 10-year Treasury note fell to 1.09% from 1.12% late Friday. That yield is a benc