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Asia-Pacific markets rise following overnight Dow bounce!

Japan’s Nikkei 225 jumps more than 1% as Asia-Pacific markets rise following overnight Dow bounce

Stocks in Asia-Pacific rose Friday morning, following an overnight bounce for stocks stateside.

In Japan, the Nikkei 225 jumped 1.41% in early trade — partially recovering from the more than 2% plunge seen on Thursday. The Topix index gained 1.2%. South Korea’s Kospi advanced 0.78%.

Over in Australia, the S&P/ASX 200 climbed 0.29%.

MSCI’s broadest index of Asia-Pacific shares outside Japan traded 0.15% higher.

Wall St rebounds on tech boost after fewer jobless claims data

Technology stocks helped Wall Street's main indexes rebound on Thursday after three sessions of declines, as data showing fewer Americans filed for weekly jobless claims bolstered confidence in a U.S. economic recovery.

The Dow Jones Industrial Average (.DJI) was up 433.79 points, or 1.29%, at 34,021.62.

The S&P 500 (.SPX) was up 49.46 points, or 1.22%, at 4,112.50.

The Nasdaq Composite (.IXIC) was up 93.31 points, or 0.72%, at 13,124.99.

The Labor Department's data showed new claims for unemployment benefits fell more than expected last week as companies held onto their workers. A separate report showed producer prices increased more than expected in April, leading to the biggest annual gain since 2010.

The data comes on the heels of stronger-than-expected consumer prices data, a surge in commodity prices and signs of a labor shortage this week, stoking inflation concerns that could force the U.S. Federal Reserve to raise interest rates sooner than expected.

The CBOE volatility index (.VIX), a measure of investor anxiety, retreated to 24.11 points after hitting its highest levels in more than two months.

The inflation talk has increased focus on economic data, with attention turning to retail sales and industrial production reports on Friday.

Losses in the past three days had pulled the S&P 500 4% off its record closing high on Friday, while the tech-heavy Nasdaq was about 8% below its April 29 all-time high.

Stocks making the biggest moves after the bell: Disney, DoorDash, Coinbase & more

Disney — Disney shares slipped more than 3% after the company’s fiscal second-quarter revenue missed analyst expectations.

Airbnb — Shares of the home-renting company dipped 0.1% after Airbnb released its first-quarter results.

Coinbase — Coinbase shares slid 3.8% even after the company said its net income skyrocketed during the first quarter.

DoorDash — Shares of the food delivery company jumped more than 8% on the back of the company’s first-quarter results.

Fisker — Shares of the electric vehicle company jumped 18% in extended trading after the company said it has signed framework agreements with Foxconn around the joint development and manufacturing of Fisker’s “Project Pear” or personal electric automotive revolution program.

Reference: CNBC, Reuters