Stocks stage a comeback Monday | JPMorgan shares pop | What’s the next shoe to drop in this market?

The three major indexes leapt in a relief rally to begin the week.

VIEW IN BROWSER | SUBSCRIBE MON, MAY 23, 2022 EVENING BRIEF AS OF MON, MAY 23, 2022 • 04:56 ET DJIA 31880.24 +1.98% +618.34 S&P 500 3973.75 +1.86% +72.39 NASDAQ 11535.28 +1.59% +180.66 Most Active DOW NAME LAST CHG %CHG AAPL 143.11 +5.52 +4.01% MSFT 260.65 +8.09 +3.20% INTC 42.00 +0.35 +0.84% S&P 500 NAME LAST CHG %CHG AMD 95.07 +1.57 +1.68% AAPL 143.11 +5.52 +4.01% BAC 35.87 +2.01 +5.94% NASDAQ NAME LAST CHG %CHG AMD 95.07 +1.57 +1.68% AAPL 143.11 +5.52 +4.01% NVDA 168.98 +2.04 +1.22% EDITOR'S NOTE Stocks traded higher to start the week, seeking to make up ground after the latest sell-off.   All three major indexes posted gains on Monday, with bank stocks among the leaders of the rebound.   The question on investors' minds, however, is how much strength this bounce has. The Nasdaq Composite is off more than 28% from its highs. The S&P 500 is down 17.5% from its record after briefly falling into a bear market Friday. Stocks have declined all year, despite several small relief rallies.  Ross and TJX Companies were among the notable gainers in the market. The retail sector has been a focal point for investors who are keen to see how high inflation is affecting consumer demand and company earnings.   It's been a busy few days for retail earnings, but there's more ahead with several big names scheduled to report this week.   Banks also got a nice lift as Treasury yields climbed. JPMorgan advanced about 6.2% after its CEO said the bank could hit a key performance target sooner than expected, thanks to rising rates. Shares of its peers Bank of America, Wells Fargo and Citi also rose. Tanaya Macheel | Markets and Investing Reporter @tanayamac Watch our live stream for all you need to know to invest smarter. TOP NEWS  S&P 500 rises more than 1%, Dow adds 600 points as stocks try to recover from sharp sell-off Biden says U.S. willing to use force to defend Taiwan — prompting backlash from China Monkeypox outbreak is primarily spreading through sex, WHO officials say Airbnb is closing its domestic business in China, sources say JPMorgan shares pop after bank says it will reach key returns target earlier than planned BlackRock downgrades stocks, citing Fed over-tightening and China risk Broadcom, VMware deal could be announced by Thursday, sources say Here's the next shoe to drop that will hit this market, Jefferies says Klarna to lay off 10% of its workforce as souring economy hits buy now, pay later space Bank balances surged during Covid even as pandemic-era stimulus ended, BofA CEO says TOP VIDEO Bitcoin prices jump, Scott Minerd warns of fall to $8,000 and celebs talk NFTs: CNBC Crypto World CNBC PRO Stocks poised for near-term rally after S&P 500 flirts with bear market, but selling is not over SPECIAL REPORTS Tax breaks aren't prime reason for high-net-worth philanthropy, study finds The number of billionaires soared during the pandemic. How tax proposals aim to reduce wealth inequality Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy © 2022 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS