NEW YORK—Wall Street bounced back from a steep sell-off late in the session to close higher on Monday, with bargain hunters pushing the indexes into positive territory by closing bell. The S&P 500 earlier came close to confirming a correction by appearing on track to close more than 10 percent down from its most recent all-time high reached on Jan 3 as investors focused on concerns about an increasingly hawkish Federal Reserve and geopolitical tensions. The S&P 500 recovered 4.3 percentage points from its session low to it closing level, the largest such swing since March 26, 2020, when Wall Street was bouncing back from the global slump caused by the coronavirus pandemic. Earlier in the day, the indexes were all more than 2 percent lower. The S&P appeared to be on course to confirm a correction, and the Russell 2000 looked as if it would confirm it was in …