U.S. stocks rebounded on Monday, recovering from last week’s losses driven by fears of Trump’s tariffs hurting the economy. The S&P 500 surged 1.5%, Dow climbed 1.3%, and Nasdaq leaped 2%. Idexx Laboratories and Tyson Foods reported stronger profits, offsetting Berkshire Hathaway’s drop due to Kraft Heinz woes.

Pressure mounts on U.S. companies to deliver strong profits as stock prices hit record highs. Concerns over Trump’s tariffs impacting the economy grew after disappointing job growth and increased unemployment rate. Trump criticized the Federal Reserve for not lowering interest rates to stimulate the economy, potentially raising prices for households.

Following Friday’s weak jobs report, expectations rise for the Fed to cut interest rates in September. Treasury yields fell, with the 10-year Treasury yield slipping to 4.19%. UBS Global Wealth Management believes rate cuts could support the markets.

This week may see fewer market fluctuations after last week’s events. Earnings reports from Disney, McDonald’s, and Caterpillar are expected, along with updates on U.S. business activity. American Eagle Outfitters, Wayfair, Tesla, and CommScope saw stock gains, while On Semiconductor faced losses.

Global markets saw gains in Europe and Asia, with South Korea’s Kospi rising 0.9% and France’s CAC 40 climbing 1.1%. Japan’s Nikkei 225 was the outlier with a 1.2% drop. Corrections have been made to clarify that last week was the U.S. stock market’s worst since May, not April.

Read more at Yahoo Finance: Dow leaps 585 points as US stocks win back most of Friday’s wipeout