Wall Street Futures Rebound Amid Rate Cut Speculation

Wall Street futures rose on Monday, signaling stability after last week's volatility as investors began to anticipate more significant interest rate cuts by the Federal Reserve. This move follows a job report that revealed unexpected softness, intensifying pressure on the Fed to lower rates.

Dow E-minis surged by 294 points, or 0.67%, while S&P 500 and Nasdaq 100 E-minis experienced gains of 43.5 points, or 0.69%, and 184.75 points, or 0.81% respectively. This rise came after the S&P 500 faced its steepest single-day fall in over two months, driven by new U.S. tariffs affecting several trading partners and a dismal job market report for July.

The Federal Reserve's decision against rate changes drew criticism from President Trump, igniting talks of reshuffling within the Fed's leadership following Governor Adriana Kugler's resignation. Meanwhile, tariffs imposed by Trump are predicted to remain despite ongoing negotiations, impacting global trade dynamics.

(With inputs from agencies.)