U.S. stocks ended sharply higher on Monday, as equities bounced back from the worst week for the S&P 500 and the Dow Jones Industrial Average since March 2023. The Dow Jones Industrial Average went up 484.18 points or 1.20% to end at 40,829.59, according to Dow Jones Market Data;

US stocks surged to record highs after the Federal Reserve delivered a major 50-basis-point interest rate cut, its first in four years. This decision has bolstered investor confidence, with the S&P 500 gaining 1.