With the earnings season now halfway through, the percentage of S&P 500 companies reporting positive earnings surprises and the magnitude of earnings surprises were above their 10-year averages.
Newell Brands' first-quarter adjusted earnings per share were at the break-even point, compared with the analyst consensus estimate of a 7-cent loss. Quarterly revenues of $1.653 billion beat the street view of $1.644 billion.
The CNN Money Fear and Greed index showed further improvement in the overall market sentiment, while the index remained in the "Extreme Greed" zone on Friday.
U.S. stocks traded mostly higher toward the end of trading, with the Nasdaq Composite gaining over 1% on Friday.
The Dow traded down 0.09% to 38,691.21 while the NASDAQ rose 1.26% to 15,992.17. The S&P 500 also rose, gaining, 0.55% to 5,025.21.