New York (CNN Business) The erratic stock market staged a dramatic recovery on Monday from yet another plunge. The Dow closed 34 points higher, recovering from a 500-point slide that briefly knocked the index below 24,000 for the first time since late June. The iPhone maker erased a selloff caused by a Chinese court deciding to ban sales of most iPhone models by granting an injunction requested by Qualcomm. "Anytime you get an upside reversal that's a bullish sign, at least in the very near term," said Justin Walters, co-founder at Bespoke Investment Group. US stocks hit session lows on Monday morning after Prime Minister Theresa May said she would delay a crucial vote on her Brexit deal.

Source: CNN December 10, 2018 16:15 UTC