US stocks jump as tensions with North Korea appear to ease

NEW YORK (AP) — Stocks are rallying Monday morning as the tensions between the U.S. and North Korea that flared last week appeared to ease.

Technology companies and banks are making some of the largest gains as stocks bounce back from their losses with some of the biggest gains the market has seen this year.

Rising tensions between the U.S. and North Korea startled investors out of the complacency that has weighed on the stock market for most of this year.

Equipment rental company Neff said it received a buyout offer worth $25 per share, or $596 million.

H&E Equipment has the right to match the new offer and is entitled to a breakup payment if Neff it acquired by another company.

Drilling technology developer Tesco said it will be acquired by drilling contractor Nabors Industries in an all-stock deal.

Fiat Chrysler climbed after Automotive News reported that a Chinese car maker offered to buy the company.

Netflix signed a deal with Shonda Rhimes, the creator of popular television series such as "Scandal" and "Grey's Anatomy."

Financial terms were not disclosed, but recently Netflix has started shelling out more money to try to get own and develop shows that more people will watch.

Japanese stocks fell sharply as investors played catch-up after an extended holiday weekend.