Stock market: The three major U.S. stock indexes closed down collectively on Monday. The Dow Jones Industrial Average closed down 0.92% at 41,954.24 points on Monday, the S&P 500 closed down 0.93% at 5,695.94 points, and the Nasdaq Composite Index closed down 1.17% at 17,923.90 points.

According to CME's "Fed Watch": The probability of the Fed cutting 25 basis points by November is 86.3%, and the probability of maintaining the current interest rate is 13.7%. The probability of a cumulative interest rate cut of 50 basis points by December is 78.8%, the probability of a cumulative interest rate cut of 75 basis points is 8.9%; the probability of a cumulative interest rate cut of 100 basis points is 0%.

Middle East situation; Sources said that Israel will soon retaliate against Iran; The media revealed that Iran has prepared 10 plans to deal with potential Israeli attacks; The U.S. State Department: According to the U.S. assessment, Israel's ground operations in Lebanon have remained limited so far. Israel is expected to strike Hezbollah in Lebanon in a manner consistent with international humanitarian law.

Fed's Kashkari: believes that the neutral interest rate is close to 3%; Fed's Musallem: There is a high possibility of further interest rate cuts, and personal interest rate expectations are higher than the Fed's median.