• The Dow Jones Industrial Average .DJI rose 56.09 points, or 0.27 percent, to 20,663.02, the S&P 500 .SPX gained 8.69 points, or 0.37 percent, to 2,365.72 and the Nasdaq Composite .IXIC added 43.89 points, or0.73 percent, to 6,055.13.
Wall Street rebounded on Thursday from its biggest selloff in more than eight months with help from a move to loosen internet regulations and strong economic data.
• Investors were still watching Washington closely after reports the U.S. President tried to interfere with an investigation into former National Security Adviser Michael Flynn's ties with Russia.
• Investors are monitoring events that could help or hurt Trump's ability to implement proposals such as tax reform and deregulation. At least some of the stock market's post-election rally has been thanks to those proposals.
• The Telecommunications Services sector .SPLRCL was the S&P's biggest percentage gainer with a 1.2-percent rise. U.S. telecom regulators voted to advance a Republican plan to reverse a 2015 "net neutrality" order.
• Asian stocks were mixed early on Friday and the dollar held onto overnight gains made on strong economic data, but investors were cautious due to uncertainties surrounding President Donald Trump after reports he tried to influence a federal investigation.
• MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS slipped 0.2 percent, on track for a weekly loss of 0.5 percent.
• Japan's Nikkei .N225 was almost 0.1 percent higher, headed for a decline of 1.6 percent for the week.
Reference: Reuters
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