Stocks in the US rebounded sharply Monday, with the S&P 500 rising 1.5%, the Dow jumping 585 points and the Nasdaq surging 1.9%, as investors snapped up shares following Friday’s sell-off. The bounce was fueled by renewed hopes for a Fed rate cut in September following a weak July jobs report and downward revisions to prior months. President Trump fired the head of the Bureau of Labor Statistics in response and said he’ll name a replacement this week, along with a successor for outgoing Fed Governor Adriana Kugler. Meanwhile, updated tariffs of 10% to 41% added pressure, though Switzerland and the EU signaled openness to negotiate. Tech megacaps led gains as traders focused on strong earnings, with 82% of S&P 500 companies reporting better-than-expected results so far. Palantir jumped by 4.2% ahead of its earnings after the bell, Nvidia jumped 3.5% while Amazon fell 1.5%. In turn, Berkshire Hathaway lost 3% after its earnings release over the weekend.