U.S. stocks bounce back as China market plunges in return to trading Stocks in the U.S. are bouncing back from their selloff on Friday while China is "catching down" with global markets as investors there got their first chance to sell since the outbreak of the coronavirus that continues gripping the Asian nation. The U.S. Department of Homeland Security issued rules on Sunday to implement new restrictions on Americans who have recently visited China to address the threat of the coronavirus, Reuters reported over the weekend. Airline officials said the new rules will mean they must now ask all U.S.-bound passengers if they have visited mainland China, the report noted. American Airlines (AAL) said it encouraged U.S.-bound passengers "to arrive at the airport three hours early as we expect this additional screening will lengthen the normal check-in process." American Airlines temporarily halted all flights to mainland China on Friday, while Delta Air Lines (DAL) said Sunday its last flight had departed China before it planned resumption of flights in May. United Airlines (UAL) is scheduled to continue China flights through Wednesday before halting flights through March 27. ECONOMIC EVENTS: In the U.S., Markit's PMI dipped 0.5 to 51.9 in the final January reading. That was down from December's 52.4, though it was revised higher compared to the 51.7 preliminary January print. ISM's manufacturing index bounced 3.1 points to 50.9 in January, which was much better than expected. Construction spending fell -0.2% in December following the 0.7% November gain In Asia, China's CSI 300 reopened after the extended Golden Week holiday and plunged 7.9% as the index "caught down" to the recent declines in equities globally. Meanwhile, Japan's Nikkei 225 dropped 1.0%. TOP NEWS: Shares of Nike (NKE) are leading the Dow with a 4% advance as the blue chip received some increased affection from Wall Street analysts. UBS analyst Jay Sole upgraded Nike to Buy from Neutral with a price target of $136, up from $103, as he expects investors to begin to better appreciate the company's business model changes as well as its investment in product innovation, supply chain, and e-commerce. Meanwhile, JPMorgan analyst Matthew Boss added Nike to his firm's Analyst Focus List as a growth pick, stating that the 9% selloff in shares over the past two weeks offers a "multi-year buying opportunity." Hulu CEO Randy Freer is leaving the company as Disney (DIS) integrates Hulu's operations with its direct to consumer and international business, Reuters reported. Earlier last year, the media giant had said it would assume full control of Hulu in a deal with Comcast (CMCSA). Goldman Sachs (GS) has started building technology that would allow it to offer loans to small and medium-sized businesses in the U.S. over Amazon's (AMZN) lending platform, The Financial Times' Laura Noonan reported, citing two people briefed on the matter. MAJOR MOVERS: Among the noteworthy gainers was Insmed (INSM), which surged 40% after its Phase 2 WILLOW study of INS1007 met its primary endpoint. Also higher was PG&E (PCG), which rose 10% after the company submitted its Chapter 11 Plan of Reorganization testimonty to state regulators. Additionally, Luckin Coffee (LK) gained 1.5% in New York after the Chinese coffee company called allegations in a recent short seller report "misleading and false." Among the notable losers was Pacific Premier Bancorp (PPBI), which slid 5% after it agreed to acquire Opus Bank (OPB) in an all-stock transaction valued at $1B. Opus Bank shares were also 5% lower after the news. Also lower were ON Semiconductor (ON) and Sysco (SYY), which fell a respective 13% and 6.5% after reporting quarterly results. INDEXES: Near midday, the Dow was up 180.25, or 0.64%, to 28,436.28 , the Nasdaq was up 108.20, or 1.18%, to 9,259.14 , and the S&P 500 was up 23.55, or 0.73%, to 3,249.07. Symbols: $NKE $DIS $GS $AMZN $INSM $PCG $LK $PPBI $OPB $ON $SYY $CMCSASource: (thefly.com)Disclosure: I may trade in the ticker symbols mentioned, both long or short. My articles represent my personal opinion and analysis and should not be taken as investment advice. Readers should do their own research before making decisions to buy or sell securities. Trading and investing include risks, including loss of principal. If you liked this article, please click the LIKE (thumbs up) button. Feel free to leave any comments, question, or opinions. (Sign-up if you haven't already done so). Follow us/bookmark us and check back occasionally for additional articles or comments on our page... Wild Tiger Trading - start/main page.