Wall Street's main indexes bounced back on Monday after a sharp pullback in the previous session, buoyed by growing expectations of deeper Federal Reserve interest rate cuts following an unexpectedly weak jobs report.

U.S. stock markets rebounded after a drastic previous session decline, driven by expectations of substantial Federal Reserve rate cuts following weak jobs data. Investors also monitored corporate movements and product price increases.

U.S. employers added just 73,000 jobs in July and the May and June numbers were revised sharply lower, boosting the chances of a September rate cut.