Stock futures climbed Monday as traders tried to claw back the steep losses seen in the previous session that were sparked by concerns over the economy and a new round of tariffs from the Trump administration. S&P 500 futures and Nasdaq 100 futures moved up 0.6% and 0.8%, respectively. Futures tied to the Dow Jones Industrial Average added 230 points, or 0.5%. “Markets are rebounding after the post-jobs slump on Friday, but sentiment turned notably last week as investors were forced to confront stagflationary economic data (soft jobs and the relatively hot PCE) and a CQ2 earnings season that finished off on a mixed note after starting strong,” wrote Adam Crisafulli of Vital Knowledge. “Bulls are far from being defeated, and continue to hold a grip on the narrative, but will require affirmation to regain confidence,” he added. The Dow on Friday dropped more than 500 points, while the S&P 500 and Nasdaq shed 1.6% and 2.2%, respectively. It was the worst day for the S&P 500 since May 21. The Nasdaq suffered its biggest one-day decline since April 21. Friday’s sell-off was driven by a worse-than-expected July jobs report and jitters about President Donald Trump’s new modified tariff rates. Trump signed an executive order late last week that updated his “reciprocal” tariffs on dozens of U.S. trading partners, ranging from Syria to Taiwan, with updated duties ranging from 10% to 41%. Investors are now digesting what a weakened U.S. labor market could mean for the weeks ahead. Traders are expecting reduced chances for a September interest rate cut after policymakers last week held the benchmark overnight borrowing rate in place for the fifth-straight meeting. The market is also bracing for a historically weak month. August is the worst month for the Dow Jones Industrial Average in data going back to 1988, and the second worst for the S&P 500 and Nasdaq Composite, according to the Stock Trader’s Almanac. The 10-year Treasury yield moved lower on Monday as investors worried about the state of the U.S. economy and President Donald Trump’s latest tariff rates. The benchmark 10-year yield was down 2 basis points at 4.20%, while the 30-year note was lower by less than 1 basis point at 4.805%. The 2-year Treasury note was lower by more than 3 basis points at 3.669%. Asia-Pacific markets mostly ended higher Monday. Hong Kong’s Hang Seng Index rose 0.92% to close at 24,732.55, while mainland China’s CSI 300 index increased by 0.39% to 4,070.70. Japan’s Nikkei 225 benchmark ended the day 1.25% lower at 40,290.70, while the broader Topix index fell 1.10% to 2,916.20. Meanwhile, South Korea’s Kospi index advanced 0.91% to close at 3147.75, while the small-cap Kosdaq rose 1.46% to 784.06. Australia’s S&P/ASX 200 benchmark ended the day flat at 8,663.70. Oil prices dropped on Monday after OPEC+ agreed to another large output hike in September, though traders remained wary of further sanctions on Russia. Brent crude futures fell 85 cents, or 1.2%, to $68.82 a barrel, and U.S. West Texas Intermediate crude declined 82 cents, or 1.2%, to $66.51 a barrel. Both contracts closed about $2 lower on Friday. The Organization of the Petroleum Exporting Countries and their allies, known as OPEC+, agreed on Sunday to raise oil production by 547,000 barrels per day for September, the latest in a series of accelerated output hikes to regain market share. The move, in line with market expectations, marks a full and early reversal of OPEC+’s largest tranche of output cuts, amounting to about 2.5 million bpd, or about 2.4% of world demand. Gold eased on Monday due to slightly firmer U.S. Treasury yields and profit-taking following last week’s sharp rally driven by weak U.S. jobs data. Spot gold lost 0.1% to $3,359.99 per ounce after rising more than 2% on Friday. However, U.S. gold futures gained 0.4% to $3,413.40. The benchmark 10-year Treasury yield ticked higher from Friday’s five-week low, dulling non-yielding bullion’s appeal.