GLOBAL MARKETS - Wall Street Surges, Dollar Firms Ahead of Data, Expected Rate Cut

GLOBAL MARKET - NEW YORK. U.S. stocks closed sharply higher on Monday and the dollar strengthened as markets awaited key data and actions from central banks.

All three major U.S. stock indexes surged more than 1%, with the S&P 500 and the Dow ending a four-session losing streak, bouncing back from their biggest weekly percentage losses since March 2022.