• The Dow Jones Industrial Average .DJI rose 401.13 points, or 1.63 percent, to 24,984.55, the S&P 500 .SPX gained 49.47 points, or 1.86 percent, to 2,705.57 and the Nasdaq Composite .IXIC added 209.94 points, or 2.95 percent, to 7,318.34.
The Nasdaq registered its biggest daily percentage gain since March 26.
U.S. stocks jumped on Thursday, giving the Nasdaq its biggest daily gain since March, as Microsoft’s upbeat earnings spurred a rebound in technology names and investors snapped up oversold shares.
The Nasdaq rose 3 percent, a day after it confirmed a correction and registered its biggest decline since 2011.
The Dow and S&P 500 both moved back in positive territory for the year.
• With the current sell-off in global stock markets set to continue for a few more weeks, Asia could emerge as the bigger loser compared to the U.S. given the region's softer economic prospects, one expert said.
That's because U.S. interest rates are rising on the back of "an environment of generally improving growth," Kathy Lien, managing director of FX Strategy for BK Asset Management, told CNBC's "Street Signs" on Thursday.
.png)
• Stocks in Asia were mixed Friday following a rebound on Wall Street overnight.
• In Japan, the Nikkei 225 rose 0.64 percent in morning trade while the Topix index rose 0.65 percent.
• South Korea's Kospi fell 0.51 percent as shares of chipmakers SK Hynix and Samsung declined by 0.15 percent and 0.49 percent, respectively.
Reference: Reuters, CNBC
Thai
Eng