US stocks rallied on Monday, winning back most of their sharp loss from last week, as worries about President Donald Trump’s tariffs may be punishing the economy eased. The S&P 500 jumped 1.5%, while the Dow Jones Industrial Average climbed 585 points, or 1.3%. Idexx Laboratories and Tyson Foods helped drive the gains, with profit reports exceeding expectations. Despite a weaker-than-expected jobs report last Friday, investors are now expecting lower interest rates from the Federal Reserve in September, which could support markets. The market’s recent surge has raised concerns about its affordability, but Monday’s rally may signal a return to stability.
Source: https://apnews.com/article/stocks-markets-tariffs-jobs-trump-f91c267abb95fbe2fecd0e29bde661a8