Walmart, the world's biggest brick-and-mortar retailer, reported a lower-than-expected profit and posted a sharp drop in online sales growth during the holiday period. The Dow and S&P 500 also were recovering sharply, but the Nasdaq has been outperforming both of its peers, even after marking a four-day losing stretch on Thursday-its longest skid since November 4, 2016.
"The basic framework in terms of the economic landscape and earnings have not really changed, although clearly Walmart has driven some fear into the market", said Peter Kenny, senior market strategist at Global Markets Advisory Group, in NY.
The market is looking for clues from scheduled speeches from a number of Federal Reserve members.
The Standard & Poor's 500 index rose 2.63 points, or 0.1 percent, to 2,703.96.
"Armenpress" reports the value of Dow Jones down by 0.67% to 24797.78 points, S&P 500 down by 0.55% to 2701.33 points, Nasdaq down by 0.22% to 7218.23 points.
Missoula high school students hold walkout in response to FL shooting
During meetings with lawmakers, the students urged them to pass common-sense reforms and not just offer meaningless platitudes. Marjory Stoneman Douglas High School parent Meredith Barry said she was dissatisfied with the "grandstanding" from lawmakers.
Siberian winds to bring 'significant snow' to UK
Met Éireann says it will be dry settled but cold for the remainder of the weekend but a return to winter is its forecast. He said: "With the days feeling a little longer and lighter it can be easy to forget that cold weather can still kill".
AAP planned Chief Secretary attack to divert attention: Congress
Since the party has come to power in Delhi , the bureaucracy and the AAP dispensation have clashed on a range of issues. The Chief Minister's office has denied the allegations and said the incident never took place.
Energy stocks (.SPNY), up 1.08 percent, also helped support gains, as oil prices advanced on a surprise draw in USA crude inventories. On Wednesday, following minutes from the central bank's policy committee gathering in January, which suggested that rate hikes were on the horizon, the yield of the benchmark 10-year Treasury note rose to a fresh four-year peak at 2.956%, prompting a selloff in stocks. NXP shares jumped 5.96 per cent.
Hewlett Packard Enterprise Co (NYSE:HPE), which saw its shares soar by as much as 19% after hours following the release of its market-busing first quarter results, has kicked off with a more demure rise, up 0.98% premarket.
Crude oil prices climbed more than 1 percent at about $63.50 per barrel.
Volume on USA exchanges was 6.79 billion shares, below the 8.48 billion average over the last 20 trading days.