Stocks clawed back losses on Monday as investors looked ahead to a busy week of corporate earnings results, economic data and a Federal Reserve monetary policy-setting meeting after an already volatile stretch of trading. 

The Nasdaq Composite ended in slightly positive territory after dropping 4.9% at session lows. And earlier, the S&P 500 was off by more than 10% from its record closing high from Jan. 3 before recouping declines. The Dow recovered losses of more than 1,100 points to end nearly 100 points higher. 

The CBOE volatility index, or VIX, jumped to as high as about 37.95, reaching its highest level since November 2020.