US equity markets arrested two straight sessions of declines following a stronger-than-expected April jobs report, with the technology centric Nasdaq carving out a fresh record high - Dow up +197-points or +0.75% The broader S&P500 +0.96%, NASDAQ +1.58% (to 8,164). Amazon.com Inc (up +3.24%) rallied for the first time in five sessions after Warren Buffet revealed ahead of Berkshire Hathaway's annual shareholder meeting in Omaha, Nebraska on Saturday (4 May) that he owns the shares in the company and described himself as "an idiot" for not investing in the e-commerce giant sooner Tesla Inc jumped rose 4.48% after the electric car maker said it had increased the size of the stock and bond offering announced a day earlier to ~US$2.35B from US$2.3B and that Chief Executive Officer (CEO) Elon Musk intends to buy more than double the amount he previously indicated (i.e. US$25M). For the week, the Dow slipped -0.14%, while the S&P500 and Nasdaq both added +0.20%. On the US-China trade front, China’s vice-premier, Liu He, is expected in Washington this week for what could be the final round of negotiations before a signing summit between President Trump and Chinese president Xi Jinping. However, President Trump ramped up pressure on China after taking to Twitter earlier this morning AEST and threatened to more than double tariffs (to 25% from 10%) on US$200B of China's sales to the US from this Friday (10 May) and impose new taxes of 25% on a further US$325B of China imports.
