Stocks on Wall Street ended higher on Monday after investors took advantage of a severe drop early in the session to snap up discounted shares.
The S&P 500 index stock eked out a gain of 0.3 per cent, reversing a midday slide of as much as 4 per cent. At its lows, the blue-chip US benchmark was more than 10 per cent below an all-time high hit this month, known as a correction.
The shifts throughout the trading day were intense, with gauges of volatility surging to the highest levels since since October 2020, ahead of the US election and results of the effectiveness of vaccines being developed by Pfizer and Moderna to prevent the spread of the coronavirus.
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