US Markets Rise As Oil Swirls

Big tech companies enjoyed a buoyant session with Apple gaining 0.7 percent after Berkshire Hathaway's Warren Buffett and Charlie Munger talked up the company after disclosing last week they bought an additional 75 million shares.

"I think we've been a little too restrained," Munger told CNBC. "I wish we owned more of it."

The Berkshire executives also said they wished they had bought Amazon and Google. Shares of Amazon and Google-parent Alphabet also rose.

US stocks were in positive territory the whole session, continuing the upbeat momentum from Friday when a mixed US jobs report was seen as reducing the likelihood that the Federal Reserve will accelerate interest rate hikes.

Petroleum-linked shares, which had been strong early in the session, finished mixed after President Donald Trump said he would announce a stance on the Iran nuclear deal on Tuesday (US time) before the market closes.

Oil prices finished at three and a half year high on speculation Trump would exit the deal, but the commodity later pulled back in after-hours trading. (AFP)