US benchmark indexes were trading higher midday Friday and appear to be on track to erase a pullback seen last week.
The Dow Jones Industrial Average advanced 0.81% to 44,224.84, S&P 500 climbed 0.32% to 5,967.93 and the Nasdaq rose less than 0.1% to 18,986.30.
Consumer discretionary was the biggest gainer while communication services led the decliners intraday.
In economic news, the November flash reading of manufacturing conditions from S&P Global increased to a four-month high 48.8 from 48.5 in October, slightly lower than an expected reading of 48.9 in a survey compiled by Bloomberg as of 7:30 am ET. The index for services conditions rose to a 32-month high 57.0 in November from 55.0 in October, compared with expectations for no change. The composite reading increased to a 31-month high 55.3 from 54.1 in the previous month.
The University of Michigan consumer sentiment index was revised downwards to a reading of 71.8 for November from 73.0 in the preliminary estimate, compared with expectations for an upward revision to 73.9 in a survey compiled by Bloomberg as of 7:30 am ET.
In company news, Intuit (INTU) shares fell 4.2% in recent Friday trading after the company provided fiscal Q2 guidance late Thursday that lagged market expectations.
The US Supreme Court declined to consider an appeal by Meta Platforms' (META) Facebook, meaning it will have to face a lawsuit accusing it of misleading shareholders regarding the 2015 data breach involving Cambridge Analytica. Meta Platforms didn't immediately respond to a request for comment from MT Newswires. The company's shares were down 1.1% in recent Friday trading.
The US 10-year Treasury yield fell 2.4 basis points to 4.408%. The two year-rate rose 1.5 basis points to 4.364%.
The US Dollar Index was up 0.6% to 107.62.
West Texas Intermediate crude oil rose 1.2% to $70.91 per barrel.
Gold advanced 1.3% to $2,708.4 an ounce, and silver was up 1.2% to $31.315 per ounce.
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