US stocks climb as investors try to recover from the worst trading week of the year

• US stocks rallied at Monday's open, following the worst trading week of the year last week. 
• The potential for the Fed to keep interest rates higher for longer is spooking investors, as the move would make equities less attractive. 
• Monday data showed durable goods orders dropped in January as Americans cut back spending on big-ticket items. 

US stocks climbed Monday, with investors looking to recover from the worst week of trading of 2023. 

The strong start to the year for equities is showing signs of crumbling. Last week's Fed minutes illustrated that policymakers remain committed to cooling down inflation, and some warned that a higher-for-longer approach to interest rates may prove necessary.