Petroleum-linked stocks pushed higher, with Dow member Chevron gaining 1.7 percent, driller Nabors Industries 5.0 percent and Anadarko Petroleum 4.7 percent.
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Yahoo rose 1.3 percent to $36.65 after Re/code reported that the Internet company had extended the deadline to bid for its businesses to April 18.
The Dow fell by 1.2% on the week – its biggest one-week decline since the week ended February 12.
Canadian stocks fell for the fifth time in six sessions, as energy producers declined to overshadow a continued resurgence by Valeant Pharmaceuticals International Inc. Stocks have fallen three out of four days this week.
Wall Street sank Thursday as oil prices slid, and investors anxious that measures taken by central banks may not be enough to put the global economy back on track. The dollar was last up 0.3% against the yen at ¥ 108.6960 after Japan’s finance minister Taro Aso said he may act against what he called “one-sided” yen rises.
Investors will now focus on the upcoming corporate earnings season.
The S&P 500 is 22.72 points, or 1.1 per cent.
More Fed talk: Federal Reserve Chairwoman Janet Yellen said the USA economy was “on a solid course [and was] not a bubble economy” at a gathering with former Fed leaders after US markets had closed on Thursday (http://www.marketwatch.com/story/yellen-backs-gradual-rate-hikes-at-panel-of-fed-chiefs-2016-04-07). Interest rates moved lower, hurting financial stocks. On the Nasdaq, 1,834 issues rose and 761 fell.
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A first-quarter rally in the S&P/TSX has lost momentum in the second, as volatility returned to commodities prices.
