The gains weren't limited to stocks, though, with gold futures closing above the $3,000 per ounce mark for the first time.

Semtech, a chipmaker, climbed 13% after it topped Wall Street's fourth-quarter expectations and issued strong guidance.

But uncertainty around Trump's tariff policy continues to grip Wall Street, and his trade war has only intensified this week.

The major indexes climbed Friday morning after harsh selling throughout the week. Nvidia and Palantir acted strongly on the ...

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world ...