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· Dow jumps 170 points, Amazon leads S&P 500 and Nasdaq to record highs

Stocks rose on Monday, rebounding from a decline earlier in the day, led by solid gains in tech shares such as Amazon.

The Dow Jones Industrial Average gained 174.31 points, or 0.6%, to close at 29,276.82 after dropping more than 100 points to start off the session. The S&P 500 advanced 0.6% to 3,352.09 while the Nasdaq Composite gained 1% to end the day at 9,628.39. Both the S&P 500 and Nasdaq reached all-time highs.

· European markets close mixed as coronavirus concerns linger; NMC Health up 32%

European markets closed mixed Monday amid ongoing concerns around the coronavirus outbreak in China.

The pan-European Stoxx 600 closed provisionally marginally higher, with sectors and major bourses pointing in different directions. Oil and gas stocks fell over 1% to lead losses while construction shares were the top gainers adding 0.6%.

· Asia Pacific stocks rise as investors weigh economic impact of coronavirus

Stocks in Asia Pacific traded higher in Tuesday morning trade as investors continue to weigh the economic impact of the ongoing coronavirus outbreak which has already taken more than 1,000 lives.

South Korea’s Kospi gained about 0.7% in early trade, with shares of LG Chem surging more than 3.5%.

The S&P/ASX 200 in Australia traded more than 0.5% higher in morning trade as almost all the sectors saw gains.

Overall, the MSCI Asia ex-Japan index traded 0.17% higher.

Markets in Japan are closed on Tuesday for a holiday.

Investors continue to watch for developments on the ongoing coronavirus outbreak, where uncertainty remains over when work can resume at factories in China.

“The risk of a larger downgrade in Chinese GDP growth over Q1 20 and 2020 as a whole is gaining momentum,” Richard Grace, senior currency strategist and head of international economics at Commonwealth Bank of Australia, wrote in a note.

“With China’s economy accounting for some 17% of world GDP, but accounting for a significant contribution to growth in the global economy, the risk of a larger downgrade to global growth is clear,” Grace said.

The U.S. GDP could also be hit. A CNBC survey of 11 forecasters over the weekend finds first-quarter GDP estimates averaging just 1.2%, down nearly a point from the fourth quarter. Economists see a bounce back to 2% growth in the second quarter, depending on the severity of the virus both in China and in other countries.

Reference: CNBC, Investings