U.S. stock markets surged over 1 on Monday as investors capitalized on bargain opportunities following last week's selloff, fueled by growing expectations of a September interest rate cut after disappointing July jobs data and downward revisions for May and June, while Tesla shares jumped sharply after CEO Elon Musk was granted 96 million shares worth $29 billion, amid looming global tariff concerns and shifting economic dynamics that could impact corporate margins and consumer pricing in the months ahead.