U.S. stocks opened higher on Friday, capping a mostly downbeat week for equities, weighed by U.S.-China trade tensions, which put the three main indexes on track to post consecutive weekly losses heading into the Memorial Day holiday.
The Dow Jones Industrial Average rose 150 points, or 0.6%, at 25,651, set for a weekly slump of 1.1% and its fifth straight weekly loss, as of Thursday's close, the S&P 500 index rose 17 points, or 0.6%, at 2,839, poised for a 1.3% weekly skid.
Meanwhile, the Nasdaq Composite Index advanced 0.8% at 7,685, but was on pace for a 2.4% weekly slide as of Thursday's finish.
The main political news for the day centered on apparent softening of trade tensions between the U.S. and China and Theresa May's announced resignation as U.K. prime minister amid her failed attempts at Brexit.
In economic news, orders for durable goods-products designed to last at least three years, such as cars and appliances-fell 2.1% from the prior month to a seasonally adjusted $248.4 billion in April, the Commerce Department said Friday.
Source : Market Watch