Stocks continue to rebound, but Tesla shares head in reverse

Stocks on Monday continued to claw back some losses from last week, buoyed by data on retail sales around the U.S. that shows the economy is still trudging forward.

"In our view, this morning's February retail sales report offers evidence of a limited, modest economic slowdown, rather than signaling a gathering recession," said Jennifer Timmerman, investment strategy analyst at Wells Fargo Investment Institute.

In afternoon trading, the S&P 500 was up 43 points, or 0.8%, to 5,682. The Dow Jones Industrial Average added 427 points, or 1.1%, while the tech-heavy Nasdaq Composite rose 0.5%.