NEW YORK: U.S. stocks rallied on Monday, starting off the new quarter on a strong note, as upbeat manufacturing numbers from the United States and China eased worries about slowing global growth.
U.S. manufacturing numbers also came in better-than-expected in March, helping investors overlook soft retail sales data for February. Concerns about slowing momentum have not entirely dissipated. With the first-quarter earnings season about two weeks away, investors are bracing for what may be the first U.S. profit decline since 2016. Analysts expect quarterly earnings to fall 2 percent, according to Refinitiv data.
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