Wall Street Bounces Back: Optimism on Rate Cuts Boosts Markets

Wall Street's major indexes opened higher on Monday, rebounding from a significant downturn in the previous session. This positive shift came as investors anticipated more significant rate cuts by the Federal Reserve, a reaction to an unexpectedly soft jobs report.

The Dow Jones Industrial Average gained 135.4 points, an increase of 0.31%, reaching 43724.02 at the opening bell. Likewise, the S&P 500 showed a rise of 33.7 points or 0.54%, reaching 6271.71.

The Nasdaq Composite also saw a substantial gain, jumping 203.8 points, marking a 0.99% increase to stand at 20853.907. This market optimism reflects a hopeful outlook for continued economic adjustments and rate cuts by the central bank.

(With inputs from agencies.)