U.S. stocks rise

European stocks up for third straight session

Nikkei climbs as Kuroda nominated to new term

The Dow Jones Industrial Average and S&P 500 edged higher Friday to extend their rebounds as stocks showed firm signs of regaining their footing after tumbling earlier this month.

The blue-chip index gained 4.3% over the past five trading days to notch its best week since President Donald Trump’s election, while the S&P 500’s 4.3% move upward was its biggest weekly jump since 2013.

The indexes were on pace for an even bigger rally, but they pared gains—and the Nasdaq Composite turned lower—Friday afternoon when a Russian organization and several individuals were charged with interfering in the U.S. electoral process.

Still, the Nasdaq had risen enough earlier in the week to add 5.3%, its biggest weekly gain in seven years.

Jitters about the threat of faster inflation subsided this past week, as many investors said strong economic growth and robust corporate profits should support major indexes’ move higher, similar to the sentiment for much of last year. The upbeat economic backdrop helped many investors use the recent drawdown as a buying opportunity to add to their stock portfolios at lower prices.