Stock markets rallied despite growing doubts about the willingness of the U.S. to pare import duties in stages as a part of its partial China trade pact, after President Trump told he hasn't yet approved such a measure. On Thursday, officials from both countries said that the United States and China had agreed to such a deal.
Walt Disney Co gained 3.8% a day after it reported quarterly results that showed it spent less than it had projected on its online streaming service, Disney+. Disney's popular theme parks and a remake of The Lion King lifted earnings.
On the economic front, the early November reading on consumer sentiment rose to 95.7 from 95.5 in October, beating market estimates, despite a slightly less favorable outlook of consumers for their own personal finances, according to a survey of consumers by the University of Michigan released on Friday.
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