US equity markets rebounded from last Friday’s (1 August) steep falls amid increased bets for a September interest rate cut in the wake of weaker-than-expected jobs data - Dow rose +585-points or +1.34%, more than erasing last Friday’s (1 August) -542-point/-1.23% decline. Nvidia Corp rallied +3.62% to be the leading performer in the 30-stock index, while Cisco Systems Inc (+2.06%), Goldman Sachs Group Inc (+2.32%), Johnson & Johnson (2.22%), 3M Co (+2.40%), Microsoft Corp (+2.20%) and Walt Disney Co (+2.37%) all climbed over >2%. Boeing Co (+0.20%) is facing its second work stoppage in less than a year after more than 3,000 workers went on strike at midnight following a rejection of the plane maker's latest offer on Sunday (3 August).
