Wall Street rebounds as Apple surges ahead of earnings, China virus fears abate

The S&P 500 rose over 1% on Tuesday as a surge in Apple and other technology stocks helped the benchmark index recover from its worst selloff in about four months that was sparked by concerns over the coronavirus outbreak.

Markets across the world stabilized as the head of the World Health Organization (WHO) said he was confident in China’s ability to contain the virus outbreak, which has killed 106 people in the country, prompted businesses to close operations and curbed travel.

President Xi Jinping later said China was sure of defeating a “devil” coronavirus.