• The Dow Jones Industrial Average .DJI snapped a five-session losing streak, closing up 94.85 points, or 0.48 percent, to 19,827.25. The S&P 500 .SPX gained 7.62 points, or 0.3 percent, to 2,271.31 and the Nasdaq Composite .IXIC added 15.25 points, or 0.28 percent, to 5,555.33.
U.S. stocks closed higher on Friday in a modest but broad-based advance as Donald Trump was sworn in as U.S. President, marking the first time in more than 50 years that a new commander-in-chief has been welcomed by a rising equity market on his first day in office.
• In his speech, Trump said U.S. policy will be to buy American and hire American, reiterating what he had said many times during this campaign for the White House.
• Some investors said the comments reinforced concerns about potential protectionist trade policies.
• Asia markets were in the red early on Monday, after a weekend dominated with Donald Trump inauguration headlines, including plans to possible renegotiate the North American Free Trade Agreement and abandon the Trans-Pacific Partnership (TPP) deal.
Trump's first speech as president also revealed an "inward-looking and protectionist U.S., extolling 'only America first' policies on trade, taxes, immigration and on foreign affairs," said Vishnu Varathan, senior economist at Mizuho Bank, in a note on Monday.
• Japan's Nikkei 225 dropped 1.25 percent in early trade as the yen strengthened further with the dollar/yen pair slipping below the 114 handle.
Reference: Reuters, CNBC
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