Wall Street advanced in the week ending Sept. 14 as investors digested a batch of economic data amid trade concerns.
All three major indices reported positive results, with the Dow, the S&P 500 and the Nasdaq climbing 0.92 per cent, 1.16 per cent and 1.36 per cent, respectively.
The market fluctuated on Friday with a bright opening and sharply down after Bloomberg News reported that US President Donald Trump told aides to proceed with slapping tariffs on the 200 billion dollars worth of Chinese goods, reports Xinhua.
The news came after a report on Wednesday suggesting that Washington is proposing a new round of high-level trade talks with Beijing amid ongoing friction.
Stocks managed to reverse some of the losses and ended mixed at Friday's closing as rallying Boeing and chipmaker stocks contributed to the market.
Boeing shares rose 1.22 per cent, among the biggest winners in the Dow, while another trade-sensitive stock Caterpillar erased its gains to end 0.4 per cent lower.
Investors were realizing that the trade negotiations would go on for a while, so they would show a more muted reaction on individual pieces of news, some strategists noted.
Tech sector climbed more than 1.8 per cent this week after a sharply sell-off in the previous week. However, concerns over potential stronger regulations over social media companies remain.