FX.co ★ US Stocks Rebound to Start Week After Sharp Losses

On Monday, U.S. stocks staged a significant rebound, ending a four-day losing streak. The S&P 500 climbed 1.5%, the Dow soared by 585 points, and the Nasdaq advanced by 1.9%. This uptick came as investors took advantage of the dip caused by Friday's sell-off. Optimism grew around the potential for a Federal Reserve interest rate cut in September, prompted by a disappointing July jobs report and downward revisions of previous months' data. In response to the jobs data, President Trump dismissed the head of the Bureau of Labor Statistics, announcing that a new appointee will be named this week, alongside a replacement for the outgoing Federal Reserve Governor, Adriana Kugler. Meanwhile, fresh tariffs ranging from 10% to 41% added to the market pressures, although signals from Switzerland and the EU indicated a willingness to engage in negotiations. Leading the recovery were tech giants buoyed by strong earnings results, with 82% of S&P 500 companies surpassing expectations thus far. Palantir saw a 4.2% rise ahead of its earnings release, Nvidia gained 3.5%, while Amazon experienced a decline of 1.5%. Conversely, Berkshire Hathaway's shares dropped 3% following the release of its earnings over the weekend.