US Stocks Surge with Biggest Gains Since May Amid Market Recovery

1 min read
Source: Reuters
US Stocks Surge with Biggest Gains Since May Amid Market Recovery
Photo: Reuters
TL;DR Summary

U.S. stock indexes experienced their largest daily gains since May 27, driven by bargain hunting after a recent selloff and expectations of a September interest rate cut, amid mixed economic signals and corporate news including Tesla's share award to Elon Musk and Spotify's price hike.

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