U.S. stocks closed higher Friday, with all three major benchmarks booking weekly gains as investors shook off concerns about credit losses at regional banks and trade tensions.
The Dow Jones Industrial Average increased 0.5%, while the S&P 500 gained 0.5% and the technology-heavy Nasdaq Composite climbed 0.5%, according to preliminary data from FactSet.
For the week, the Dow rose 1.6%, the S&P 500 advanced 1.7% and the Nasdaq gained 2.1%, the preliminary data showed.
