US Stock Markets Surge Amid Dip-Buying Spree and Rate Cut Bets

U.S. stock markets rose over 1% as investors purchased undervalued stocks following a selloff and anticipated a September rate cut, given weak job data. Tesla's stock climbed after granting CEO Elon Musk 96 million shares. A reshuffle in the Fed might allow presidential influence on interest rate policies.

Investors showed confidence in U.S. stock markets, pushing major indexes over 1% higher on Monday, driven by dip-buying and rate cut expectations after disappointing jobs data.

Tesla's stock soared as the company awarded CEO Elon Musk 96 million shares, reflecting growing optimism on its performance even as bets increase for a September interest rate cut.

Meanwhile, speculation of significant changes at the Federal Reserve intensifies following recent resignations, potentially allowing President Trump to influence monetary policies as he pushes for lower interest rates.

(With inputs from agencies.)