At 10:08 am EDT the Dow Jones Industrial Average was up 172.96 points, or 0.71%, at 24,634.66, the S&P 500 was up 11.78 points, or 0.43%, at 2,761.54.
In total, 14 S&P 500 companies, including Netflix, will shift from the consumer discretionary sector into communications.
The US dollar dropped as investors were digesting the latest data from the country.
US stocks closed lower with the Dow posing an eight-day losing streak.
U.S. stocks fell on Thursday, weighed down by declines in Amazon after the U.S. Supreme Court let states force online retailers to collect sales tax.
Technology and media stocks pushed Wall Street higher and helped the Nasdaq hit a record high, as markets eyed a recovery after being battered by a rapidly escalating China-U.S. trade tensions.
Dropping of GE from the Dow Jones Industrial Average reflects a fall in the firm's fortunes and changes to the US economy
Dow Jones was down more than 300 points at the open after Asian and European markets fell sharply earlier
U.S. stocks slumped, with the Dow Jones Industrial Average erasing its gains for the year, as markets were rattled by a sharp escalation of the trade dispute between the United States and China.
Stocks slide more as President Trump threatens new tariffs on Chinese goods in an escalating tit-for-tat trade dispute
JSW Steel Limited
May bid for Arcelor-Mittal's Romanian plant
Gets DCGI's marketing nod for key cancer drug
Inks 5-year I.T. Infra deal with Nokia
BANK OF MAHARASHTRA
To raise Rs 3,000 Crore equity capital
Plans to launch 50 cvs this fiscal
Company may bid for Arcelormittal's Romanian plantco
Proposes investment of $500 Mn to upgrade steel manufacturing unit at Ohio, USA
Integrated steel manufacturing unit in Ohio, with potential capacity of 3 MTPA
Company gets marketing nod for Durvalumab drug from DCGI
Durvalumab is a patented product of AstraZeneca Global
Permission significant for patients with limited treatment options
Nokia signs 5-year global I.T. Infra & application services deal with company
Company will transition services from four incumbent vendors
Will build on strong existing engineering-centric partnership with this deal worth $500 Mn
BANK OF MAHARASHTRA
Gets shareholders' nod for raising equity capital upto Rs 3,000 Cr
Bank union requests govt to intervene in bank's arrests
AIBEA writes to DFS secy to step-in to save bank's reputation
May have rotating chairman till full time chairman is appointed
U.S. Investors of bank want Kochhar to quit
Investors will be confident if external candidate is appointed as CEO: Macquarie
TOI & ET REPORTS