U.S. stocks are rallying and recovering much of their sharp losses from last week, when worries about how President Donald Trump’s tariffs may be punishing the economy sent a shudder through Wall Street.

The Dow Jones Industrial Average climbed 585 points, or 1.3%, and the Nasdaq composite leaped 2%. Idexx Laboratories helped lead the way and soared 27.5% after the seller of veterinary instruments and other health care products reported a stronger profit for the spring than analysts expected.

The blue-chip Swiss market index opened 1.8% lower on Monday, the first day of trading after President Donald Trump stunned Switzerland with a 39% tariff rate on its exports to the United States. Francis Maguire reports.

Swiss stocks fell on Monday as investors reacted to the shock 39 per cent tariff imposed on the country by US President Donald Trump last week. The Swiss Market index, the country’s main stock index,

Swiss stock investors are bracing for Monday’s market reopening after US President Donald Trump slapped a punitive 39% export tariff on the country, among the highest in the world.