Wall Street was on track to open with gains on following Friday’s sell-off that was triggered by fears of a slowing economy after the government released some grim data on U.S. job growth. Futures for the S&P 500 and the Dow Jones Industrial Average both rose 0.

Global shares advanced Monday after Wall Street had its worst day since May following the release of weak U.S. jobs data and U.S. President Donald Trump ’s announcement of sweeping tariffs on imports from many U.

The FOMC keeps rates steady, but with two dissenting votes. Odds of a rate cut in September fall below 50%. Stocks sell off and yields rise as Chairman Powell speaks.

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.