U.S. stocks rally following prior session's sell-off


NEW YORK, Nov. 13 (Xinhua) -- U.S. stocks finished higher on Friday, following a noticeable decline in the prior session.

The Dow Jones Industrial Average jumped 399.64 points, or 1.37 percent, to 29,479.81. The S&P 500 increased 48.14 points, or 1.36 percent, to 3,585.15. The Nasdaq Composite Index advanced 119.70 points, or 1.02 percent, to 11,829.29.

All the 11 primary S&P 500 sectors climbed, with energy and real estate closing up 3.81 percent and 2.28 percent, respectively, leading the gains.

U.S.-listed Chinese companies traded mostly higher, with eight of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

Traders continued to weigh the economic impact from soaring COVID-19 infections in the United States.

The country has reported roughly 10.7 million cases in total with the death toll from the disease exceeding 243,000 as of Friday afternoon, showed a tally by Johns Hopkins University.

U.S. Federal Reserve Chairman Jerome Powell on Thursday warned that a record surge in COVID-19 cases across the country could hinder the recent economic recovery.

Wall Street's major averages closed lower on Thursday with the Dow down more than 300 points amid coronavirus worries.

On the data front, the U.S. Producer Price Index for final demand advanced 0.3 percent in October, the U.S. Bureau of Labor Statistics reported on Friday. On an unadjusted basis, the final demand index increased 0.5 percent for the 12 months ending in October.

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