• The Dow Jones Industrial Average .DJI rose 330.44 points, or 1.38 percent, to 24,190.9, the S&P 500 .SPX gained 38.55 points, or 1.49 percent, to 2,619.55, and the Nasdaq Composite .IXIC added 97.33 points, or 1.44 percent, to 6,874.49.
U.S. stocks ended a wild week with a burst of buying, pushing the S&P 500 up 1.5 percent on Friday, but still recorded their worst week in two years, and investors braced for more volatile trading days ahead.
The sharp falls of the week confirmed the market was in a correction, down more than 10 percent from a Jan. 26 record high, and throwing the nearly nine-year bull market off course. The newly volatile market was shaken in part by rising bond yields, which led stock investors to rethink their positions after months of steady gains.
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• Asian markets were mixed early on Monday while oil prices edged up after recording six straight days of declines.
• South Korea's Kospi advanced 0.54 percent, with heavily weighted technology stocks higher in the morning. Samsung Electronics rebounded 1.43 percent and SK Hynix gained 0.82 percent. Financials also traded higher in the early going.
• Shipbuilders were mostly in negative territory, with Samsung Heavy down 1.81 percent. Hyundai Heavy Industries was flat after it reported a miss on fourth-quarter earnings on Friday after the market close.
Reference: Reuters, CNBC
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