U.S. stocks closed slightly higher Friday, the first day of the quarter, in a fourth day of gains after the post-Brexit sell-off.
The S&P 500 closed above the psychologically key 2,100 level and gained 3.22 percent for the week, its best since November. The Dow Jones industrial average gained 2.15 percent on the week, also its best week since November.
Friday marked the first trading day of the quarter. The Dow Jones industrial average and S&P 500 posted their third-straight quarter of gains Thursday as stocks recovered much of their post-Brexit plunge.
The Dow Jones industrial average closed up 19.38 points, or 0.11 percent, at 17,949.37, with Home Depot leading advancers and DuPont the greatest laggard.
Asian shares shrugged off early losses and edged higher on Monday, while the Australian dollar was under pressure after no clear winner emerged from a weekend election.
Activity across much of the region was subdued ahead of the U.S. Independence Day holiday, when financial and commodity markets will be closed.
Investors also continued to take stock of the potential financial market and economic fallout from the Brexit vote after days of volatile trade that followed in its wake.
While Australian politics usually have a muted impact on broader markets, the vote count so far suggests possible policy paralysis ahead which could pose a threat to the country's triple A credit rating.
But both Australian shares and the country's currency turned higher after Moody's Investors Service said short-lived political uncertainty would have limited implications for the country's coveted triple-A credit rating.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS was up 0.5 percent, after Wall Street logged its fourth straight day of gains on Friday. Japan's Nikkei stock index .N225 added 0.3 percent.
Reference: CNBC, Reuters
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