The Globe and Mail reports in its Tuesday edition that all three major U.S. stock indexes had their largest daily percentage gains since May 27 on Monday, as investors looked for bargains after a sell-off and anticipated a September interest rate cut following disappointing jobs data. A Reuters dispatch to The Globe reports that Tesla shares rose 2.2 per cent after granting chief executive officer Elon Musk 96 million shares worth about $29-billion (U.S.). The prior sell-off was driven by poor U.S. July jobs data, with significant downward revisions for May and June. Horizon Investments analyst Mike Dixon said Monday: "Today is just a little bit of dip buying. It does show a pretty healthy sign of folks out there looking for an opportunity to get in. It's a little concerning in the sense the labour market. [It] definitely appears to be weaker than people expected. A bit of an offset to that is the renewed rate cut expectations. There's a high probability we're getting a September cut." Odds for a September rate cut now stand at about 84 per cent, according to CME Fedwatch. Market participants see at least two quarter-point cuts by the end of this year. The S&P 500 and Nasdaq had hit a string of record highs recently.