US and European equities rebounded on Monday, driven by gains in the technology sector and favorable earnings reports. In the US, the Nasdaq surged by 1.6%, led by a 4.8% rise in Nvidia, while the S&P 500 and Dow also posted gains. European stocks, including the Stoxx 600, rose 0.6% after enduring significant losses last week, with technology and financial sectors leading the recovery. President Joe Biden's decision to withdraw from the 2024 presidential race and endorse Vice President Kamala Harris added to market optimism by reducing political uncertainty. However, Ryanair's shares plummeted 17.2% due to a substantial quarterly profit drop, impacting the travel and leisure sector. Investors are now focused on upcoming earnings reports from major companies like Alphabet and Tesla, which could influence market directions further.