The Dow Jones Industrial Average rose 377.19 points, or 1.19%, to 32,151.71, the S&P 500 gained 61.18 points, or 1.53%, to 4,067.36 and the Nasdaq Composite added 250.18 points, or 2.11%, to 12,112.31.

For the week, the Dow advanced 2.7%, the S&P 500 climbed 3.6% and the Nasdaq gained 4.1%.

U.S. equity funds recorded outflows of $11.5 billion in the week to Wednesday, their largest outflow in 11 weeks, Bank of America Merrill said on Friday.

Volume on U.S. exchanges was 9.91 billion shares, compared with the 10.24 billion average for the full session over the last 20 trading days.

Kroger Co jumped 7.4% after the grocer raised its annual forecast.

Shares of Tapestry Inc rose 2.7% after the luxury handbag maker said it expects revenue of $8 billion by fiscal year 2025.

Advancing issues outnumbered declining ones on the NYSE by a 5.14-to-1 ratio; on Nasdaq, a 2.58-to-1 ratio favored advancers.

The S&P 500 posted seven new 52-week highs and no new lows; the Nasdaq Composite recorded 47 new highs and 63 new lows.