US stocks recover from Friday's fall



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(Close): Shares in the US closed slightly higher on Monday, recovering from falls at the end of last week.

Shares were hit by reports of rising jobs in the US, which prompted investors to fear a US rate rise sooner than previously expected.

One important riser was car maker GM, which rose more than 3% after it said it would buy back $5bn worth of stock.

The S&P 500 rose 0.4% to 2,079, the Dow Jones closed up 0.78% at 17,995, while the Nasdaq rose 0.31% to 4,942.

Shares in Apple rose 0.4% following the launch of the firm's latest gadget - a smartwatch.

Apple also unveiled a new Macbook and updates to other existing products.

Energy firm Chesapeake dropped more than 6% after reporting lacklustre profits and saying it would cut spending.

Shopping centres owner Macerich jumped almost 7% after a hostile bid by rival firm Simon Property.