Risk appetite returned to Asia's equity markets on Monday after better-than-expected U.S data boosted investor confidence in the global economic recovery.
Stocks closed out the week with strong gains, with the Dow and S&P 500 hitting fresh highs and all three major averages logging their fourth-straight weekly advance, boosted by a pair of positive economic reports.
These stocks are posting the largest moves before the bell.
European stocks closed higher after volatile trade on Friday, boosted by a rally in the auto sector. The pan-European FTSEurofirst 300 closed provisionally at a new 5-year closing peak.
The Obama administration on Friday said it was ready to free up about $260 billion so the nation could continue paying its bills as a temporary debt ceiling suspension lapses.
Bloomberg LP on Friday announced the appointment of a privacy advisor after being embroiled in criticism of reporters use of Bloomberg terminals to obtain private information.
US consumer sentiment rebounded in early May to the highest level in nearly six years as Americans felt better about their financial and economic prospects.
China's benchmark index out-performed the broader Asian market for a second straight session on Friday as investors cheered moves by the government to ease strict regulation while the rest of Asia's equity markets traded cautiously as concerns grew over a U.S. Federal Reserve exit from quantitative easing.
President Obama on Thursday named White House budget official Daniel Werfel the new acting IRS commissioner.
Check out which companies are making headlines after the bell Thursday:
JC Penney reported a bigger quarterly loss and lower revenue than expected. CEO Mike Ullman vowed to put the retailer "back on a path to profitable growth."
Dell reported earnings that fell far shy of market forecasts but revenue came in better than expected. Shares were little changed after-hours.
Stocks ended near session lows Thursday pressured by a handful of weak economic data and as some Fed officials stated their openness to tapering the central bank's bond-buying program in the coming months.
Thursday's economic reports featured mostly bad news, with housing starts plunging and jobless claims rising while inflation remained under control.
European shares closed flat-to-lower on Thursday, pressured by downbeat data from the U.S. that included a jump in jobless claims and a drop in housing starts.
President Barack Obama on Monday called the Internal Revenue Service's focus on conservative groups "outrageous."
Dell earnings are expected to come in below Wall Street's expectations, sources told CNBC. On Tuesday, the company said it will move up its earnings announcement to Thursday.
President Obama said that he did not know about the IRS Inspector General's report on the agency's targeting of conservative groups for extra scrutiny before it was leaked.
Hess and Elliott Management ended a long-running proxy feud, settling on a mix of new directors and putting a battle over the company's strategy behind them.
U.S. producer prices recorded their largest drop in three years in April while a reading of manufacturing in New York indicated contraction.