Dow industrials recouped losses Friday on route to triple-digit gains, as a broad cross-section of the financial market finished in positive territory.
The Dow Jones Industrial Average gained 141.82 points, or 0.7%, to 20,804.84. Twenty-six of 30 Dow-listed companies finished in positive territory.
Caterpillar Inc. (NYSE: CAT) contributed the most to the rally, climbing 2.2%. Shares of General Electric Co (NYSE: GE) rose 2.1%. The Boeing Company (NYSE: BA) rounded out the top-three with a gain of 1.9%.
Other notable gainers Friday included Wal-Mart Stores Inc. (NYSE: WMT) and United Technologies Corp (NYSE: UTX), which rose 1.6% and 1.5%, respectively.
Johnson & Johnson (NYSE: JNJ), Merck & Co Inc. (NYSE: MRK) and TheTravelers Cos Inc. (NYSE: TRV) were the lone decliners, falling at least 0.1% apiece.
The broader S&P 500 Index rose 0.7% to close at 2,381.73. The Nasdaq Composite Index also gained 0.5% to finish at 6,083.70.
U.S. stocks pared sharp losses for the week after political drama surrounding the Trump administration stoked the biggest selloff of the year. President Trump will now head oversees to meet with officials in Saudi Arabia, Israel and the Vatican.
Across the Atlantic, European markets recovered Friday after being rattled by U.S. politics. The pan-European Stoxx 600 Index gained 0.6%. A barometer of Eurozone blue-chips known as the Stoxx 50 Pr also advanced 0.7%.
Individual bourses from London to Frankfurt also reported gains.
Precious metals held their ground even as risk appetite waned, after the U.S. dollar headed for fresh declines against a basket of world peers. The dollar index fell 0.8% to 97.12, its lowest since early November.
There were no major economic data releases scheduled Friday. Next week, the Commerce Department will release its second round of Q1 GDP numbers, as well as a closely-watched report on durable goods orders.
Dow Jones Industrial Average