Stock Market Resurges After Worst Week Since 2008

The stock market bounced back from one of the worst weeks since the financial crisis in 2008.

On Monday, the Dow Jones Industrial Average rose 5.1 %, while S&P 500 surged 4.6% just one day, after last week's stocks deep plunge. The steep rise is due to investors expect the Federal Reserve and major banks to lower interest rates as a precaution on the coronavirus impact on the global economy if the outbreak intensifies [Politico]. 

Economists hope that banks will take this and other precautions in response to any disruptions the outbreak will cause on the economy if it continues to impact the supply chain and major companies close down.