By Nikhil Sharma and Pranav Kashyap (Reuters) -Wall Street futures rebounded from last week's rout on Monday, as hopes for steeper Federal Reserve rate cuts surged after a surprisingly weak jobs report.

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.

Wall Street's main indexes swung to losses on Tuesday after data showed U.S. services activity unexpectedly stalled and investors considered the impact of U.S. trade policies on corporate profits.

The stock market inched up on Wednesday, as it looked to recover after closing in the red on Tuesday, driven by disappointing economic data. U.S. stocks closed in the red on Tuesday as data from the U.

Wall Street had roared back to life on Monday by posting its best session since May 27 and recouping last week's losses when disappointing July jobs data and sharp downward revisions to prior months fueled expectations of a Fed rate cut in September.