The Dow Jones Industrial Average surged by about 600 points, and the volatility index (VIX) saw a sharp decline, as U.S. stocks closed significantly higher on Monday. This strong performance was driven by investor optimism regarding the possibility of interest rate cuts by the Federal Reserve, especially after weaker-than-expected jobs data was released on Friday.

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All major indexes on Wall Street rose, with technology sector stocks leading the gains. This rebound comes after sharp sell-offs last weekend. The current optimism in the market reflects traders' conviction that monetary easing could help support the economy.

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