• The Dow Jones Industrial Average .DJI rose 332.36 points, or 1.39 percent, to 24,262.51, the S&P 500 .SPX gained 33.69 points, or 1.28 percent, to 2,663.42 and the Nasdaq Composite .IXIC added 121.47 points, or 1.71 percent, to 7,209.62.
For the week, the Dow lost 0.2 percent and the S&P fell 0.24 percent. It was the second straight week of losses for both indexes.
By contrast, the Nasdaq gained 1.26 percent on the strength of tech stocks’ rally on Friday. The S&P 500 technology sector .SPLRCT rose 2.0 percent.
The three major U.S. stock indexes rose more than 1 percent on Friday after weaker-than-expected U.S. wage growth helped to calm investor fears about rising interest rates and inflation, though the S&P 500 and Dow Industrials still posted losses for the week.
• Apple Inc (AAPL.O) provided the biggest boost as it jumped to a record high of $184.25 during the session after Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) disclosed that it had raised its stake in the iPhone maker.
Apple shares ended Friday’s session up 3.9 percent at $183.83. The company’s stock surged to its greatest weekly percentage gain since October 2011.
.png)
• Asian markets were mixed in early Monday trade despite the strong showing on Wall Street as investors digested U.S. jobs numbers and last week's trade talks.
In Japan, the benchmark Nikkei 225 came under slight pressure in early morning trade, with the index slipping 0.17 percent. The Topix traded lower by 0.15 percent as gains in the iron and oil subindexes were offset by losses in the financial sector.
• Activist investing in Asia is rising steadily, driven more by local players rather than headline-grabbing foreign firms, as the region’s regulators pay greater attention to corporate governance, according to research from JP Morgan
Reference: Reuters, CNBC
Thai
Eng