Markets Rally on Fed Rate Cut Hopes and Oil Surge

The Dow and S&P 500 advanced amid expectations of a Federal Reserve rate cut and rising oil prices due to supply disruptions. Energy stocks led gains, while Nvidia's upcoming earnings were in focus. PDD Holdings tumbled after missing revenue projections, while Boeing dipped as NASA favored SpaceX.

The Dow and S&P 500 saw gains on Monday, driven by anticipation of a Federal Reserve rate cut and a surge in oil prices due to supply chain disruptions.

Energy stocks led the advance, while Nvidia's forthcoming earnings report garnered market attention amidst widespread valuation assessments.

Shares of PDD Holdings plummeted following a revenue miss, and Boeing shares decreased as NASA opted for SpaceX over its Starliner.

(With inputs from agencies.)