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Dow ends nearly 600 points higher as stocks take back portion of Fed-induced selloff



Stocks finished sharply higher Monday, clawing back a chunk of the heavy losses suffered last week after the Federal Reserve signaled policy makers had penciled in rate increases earlier than investors had anticipated. The Dow Jones Industrial Average

finished with a gain of around 587 points, or 1.8%, near 33,877, according to preliminary figures, after a fall of 3.5% last week. That was the blue-chip index’s steepest weekly drop since late October. The S&P 500

ended with a gain of around 58 points, or 1.4%, near 4,225. The Nasdaq Composite

advanced around 111 points, or 0.8%, closing near 14,141.

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