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|NEW YORK Julius Erving Jersey , March 9 (Xinhua) -- U.S. stocks posted modest gains on Monday, as investors re-assessed the impact of February's strong jobs data while no major releases are due during the day.
The Dow Jones Industrial Average jumped 138.94 points, or 0.78 percent, to 17,995.72. The S&P 500 added 8.17 points, or 0.39 percent Jerryd Bayless Jersey , to 2,079.43. The Nasdaq Composite Index was up 15.07 points, or 0.31 percent, to 4,942.44.
U.S. equities witnessed a sharp decline Friday, as investors worried that a strong monthly jobs report heightened speculations that the Federal Reserve could raise interest rates sooner than expected.
Traders were wondering that the markets might overreact to the jobs report Darryl Dawkins Jersey , as hourly wages only ticked up 0.1 percent, missing market consensus.
The coming week's economic-data schedule looks light, while Thursday's release of retail sales will be the economic highlight of the week.
Apple was in focus Monday as the tech giant unveiled its first wearable product, known as Apple Watch. The smart watch is the company's newest device in years. Its previous device, iPad, was released in 2010.
Priced at 349 U.S. dollars for the base model Dario Saric Jersey , Apple Watch works mostly with iPhone and claims to carry more features and facilitates more applications, or apps, than parallel products on the market.
Among basic functions, it shows email, texts and phone calls, news and fitness readings Dana Barros Jersey , as well as weather forecast and personal schedules.
Apple also announced a series of updates to some of the company 's products and services before unveiling Apple Watch.
Apple shares climbed as much as 2.35 percent following the announcement of its updates, but then shaved most gains to end mildly higher, up 0.43 percent to 127.14 dollars apiece, as markets were kind of disappointed about the wearable product.
Overseas, the European Central Bank began its 60 billion euros per month bond buying program on Monday with the aim to fend off deflation and boost the eurozone economy by pumping more money into the real economy.
The CBOE Volatility Index, often referred to as Wall Street's fear gauge Clarence Weatherspoon Jersey , decreased 0.92 percent to end at 15.06 Monday.
In other markets, U.S. crude price rebounded as investors re- evaluated the impact of robust February jobs data.
Light, sweet crude for April delivery gained 39 cents to settle at 50.00 dollars a barrel on the New York Mercantile Exchange.
The dollar went down against most major currencies as investors took profits from gains on the country's strong nonfarm payrolls released Friday.
In late New York trading, the euro was flat at 1.0858 dollars as in the previous session, while the dollar bought 121.18 Japanese yen, higher than 120.69 yen of the previous session.
Gold futures on the COMEX division of the Nymex rose as the dollar weakened and continued uncertainty in Greece boosted the precious metal.
The most active gold contract for April delivery rose 2.2 dollars Charles Barkley Jersey , or 0.19 percent, to settle at 1,166.50 dollars per ounce.
TEHRAN, Aug. 8 (Xinhua) -- German Siemens group will finance 3.5 billion U.S. dollars in Iran's rail and power plant projects, Press TV reported on Tuesday.
""On a trip to Germany, we had discussions about Siemens' participation in Iran's railway and power plant projects Amir Johnson Jersey ,"" Deputy Minister of Road and Urban Development for International Affairs Asghar Fakhriyeh-Kashan was quoted as saying.
In the rail sector, Iran is going to buy a number of wagons from Siemens for use on a high-speed line between the capital Tehran and the central cities of Qom and Isfahan, Fakhriyeh-Kashan said.
Siemens will also provide signaling equipment and install communication signs, he said.
Besides, Siemens plans to enter into a joint venture with Iran's MAPNA Group both in the power plant and locomotive manufacturing sector in order to boost domestic production, he said.
MAPNA Group is a conglomerate of Iranian companies involved in development and execution of thermal and renewable power Ben Simmons 76ers Jersey , oil & gas, railway transportation and other industrial projects as well as manufacturing main equipment.
Iran and Siemens reached a preliminary agreement in March to jointly manufacture equipment for electricity industry and power equipment under the license of the German firm, Arsalan Fathipour, the official from Iran Electricity Industry Syndicate, said.
The agreement with the German company also encompassed the transfer of know-how as well as construction of new equipment for power generation industry, he said.
The official said that the plant would be built in Parand Wilson Chandler 76ers Jersey , a town about 65 kilometers southwest of Tehran.
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