U.S. Stocks Surge Amid Fed Rate Cut Optimism

U.S. stocks climbed on Monday, with notable gains in the S&P 500, Dow, and Nasdaq, rebounding from recent losses. Investor optimism was driven by expectations of a Federal Reserve rate cut. European markets and global indices also showed recovery, as markets looked ahead to key upcoming data and central bank actions.

U.S. stocks saw significant gains on Monday, echoing the positive movement in European markets, as investors looked forward to crucial data and actions from central banks.

After a rough week, the S&P 500 and Dow bounced back strongly alongside the Nasdaq, buoyed by investor optimism surrounding a potential Federal Reserve rate cut.

Greg Bassuk, CEO at AXS Investments, noted that the market rebound was driven by both dip-buying and bullish sentiment towards a possible Fed rate reduction. This sentiment was echoed in the European markets, where the STOXX 600 also recovered ahead of an anticipated ECB rate cut.

(With inputs from agencies.)