© Reuters. Wall Street opened higher on Monday.
Investing.com – Wall Street rose on Monday, as investors shrugged off trade war worries and markets were driven by Friday’s better than expected jobs report.
The was up 14 points or 0.52% to 2,748.78 as of 9:43 AM ET (13:43 GMT) while the composite increased over 221 points or 0.90% to 24,856.91 and tech heavy rose 32 points or 0.43% to 7,586.48.
Investors were bolstered by data showing the U.S. economy added more jobs than expected. Nonfarm payrolls rose by 223,000 in May, according to official data.
Meanwhile, traders shrugged off global trade tensions. Finance ministers from Canada, France, Germany, Italy, Japan and the UK issued a rebuke on Saturday to the U.S. after President Donald Trump went ahead with planned tariffs on metal imports from many U.S. allies.
Trade tensions with China also lingered, as Chinese officials warned the U.S. that any agreements reached between the two will be voided if the U.S. implements trade tariffs.
Microsoft (NASDAQ:) was among the top gainers in pre-market trading, rising 0.86% amid news that it was buying code repository GitHub, while luxury car maker Tesla (NASDAQ:) surged 1.76% and social media firm Snap gained 2.92%.
Elsewhere Facebook (NASDAQ:) fell 0.72% after the New York Times reported that the social media site had shared data with over 60 different hardware companies. Twitter fell 1.41% and Netflix (NASDAQ:) dipped 0.72%.
In Europe stocks were up. Germany’s rose 50 points or 0.39% while in France the increased 20 points or 0.37% and in London, the was up 49 points or 0.64%. Meanwhile the pan-European gained 26 points or 0.78% while Spain’s rallied 130 points or 1.36%.
In commodities, rose 0.11% to $1,300.70 troy ounce while futures increased 0.12% to $65.89 a barrel. The , which measures