· The Dow Jones Industrial Average rose 224.44 points, or 0.91 percent, to 24,924.89, the S&P 500 gained 24.27 points, or 0.87 percent, to 2,798.29 and the Nasdaq Composite added 107.31 points, or 1.39 percent, to7,823.92.
U.S. stocks climbed on Thursday as top technology names hit record highs and industrials rebounded from losses driven by trade worries the day before.
· Earnings will take center stage Friday, when some big Wall Street banks, including JPMorgan Chase, report results. S&P 500 companies overall are expected to post second-quarter profit growth of around 21 percent, according to Thomson Reuters data.
· Asian shares extended gains on Friday after Wall Street rebounded as technology stocks there touched all-time highs. There was also some relief coming from the lack of escalation in trade tensions between the U.S. and China.
Japan's Nikkei 225 jumped 1.35 percent as stocks extended Thursday's gains. Electric appliances led gains in the morning, up 1.56 percent. Among index heavyweights, Fast Retailing advanced 4.79 percent after posting robust earnings overnight while Fanuc gained 2.91 percent.
Elsewhere, South Korea's Kospi climbed 0.85 percent as automakers, technology and banks all rose. Slimmer gains were seen in Australia, with the S&P/ASX 200 edging up by 0.24 percent in the morning.
Reference: Reuters, CNBC
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