U.S. stocks traded higher toward the end of trading, with the Dow Jones index gaining by more than 350 points on Friday.

The Dow traded up 0.82% to 44,228.50 while the NASDAQ rose 0.14% to 18,998.27. The S&P 500 also rose, gaining, 0.31% to 5,966.91.

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Leading and Lagging Sectors

Consumer staples shares rose by 1.5% on Friday.

In trading on Friday, communication services shares fell by 0.6%.

Top Headline

Shares of Intuit Inc (NASDAQ:INTU) fell over 5% on Friday after the company reported upbeat results for its first-quarter results, but issued weak forecast for the current quarter.

The company reported quarterly earnings of $2.50 per share, which beat the analyst consensus estimate of $2.35 per share. Quarterly revenue came in at $3.28 billion which beat the consensus estimate of $3.14 billion

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Equities Trading DOWN

Commodities

In commodity news, oil traded up 1.5% to $71.16 while gold traded up 1.1% at $2,704.00.

Silver traded up 1.1% to $31.275 on Friday, while copper fell 0.8% to $4.0940.

Euro zone

European shares were higher today. The eurozone's STOXX 600 rose 1.12%, Germany's DAX gained 0.77% and France's CAC 40 rose 0.46%. Spain's IBEX 35 Index rose 0.16%, while London's FTSE 100 gained 1.35%.

The S&P Global UK composite PMI declined to 49.9 in November versus 51.8 in the previous month, while Eurozone composite PMI dipped to 48.1 in November from 50 in the prior month.

Asia Pacific Markets

Asian markets closed mixed on Friday, with Japan's Nikkei 225 gaining 0.68%, Hong Kong's Hang Seng Index falling 1.89%, China's Shanghai Composite Index dipping 3.06% and India's BSE Sensex gaining 2.54%.

Economics

• The S&P Global US Services PMI climbed to 57 in November versus 55 in the previous month, while manufacturing PMI increased to 48.8 in November from 48.5 in the previous month.
• The University of Michigan consumer sentiment for the US fell to 71.8 in November versus a preliminary reading of 73.
• The year-ahead inflation expectations in the U.S fell to 2.6% in November from 2.7% in October.

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