Global shares fall on US-China spat but Wall St rebounds

The Dow Jones Industrial Average rose 26.07 points, or 0.11%, to 23,749.76. The S&P 500 gained 12.03 points, or 0.42%, to 2,842.74 and the Nasdaq Composite added 105.77 points, or 1.23%, to 8,710.72.

NEW YORK: The dollar rose on risk aversion and global stock markets fell on Monday as U.S.-Chinese bickering over the origin of the coronavirus outbreak sparked fear of a new trade war, but Wall Street rebounded as the lifting of lockdowns in some U.S. states boosted optimism.

U.S. stocks rallied at then end of the session, with the Nasdaq gaining more than 1 percent, as hard-hit New York became the latest state to announce a phased reopening of business activity, starting with select industries.