NEW YORK (CNNMoney)
The Dow Jones industrial average and the S&P 500 both rose between 0.3% and 0.4%.
The Nasdaq gained 0.8% as investors liked what they saw from AOL and LinkedIn.
AOL (AOL) shares jumped more than 11%, after the web portal reported revenue growth for the first time in eight years. Fourth quarter profits were in line with expectations.
Shares of LinkedIn (LNKD) continued to surge a day after the online network targeted to professionals reported a spike in membership, and handily beat earnings and revenue estimates for the fourth quarter. Shares spiked 16%.
Friday marks the end of a sluggish week for stocks, the kind that typically follows a rally like the one markets have had since the start of 2013. The Dow and S&P 500 have risen sharply, both up about 6% and near their all-time highs. The Nasdaq gained nearly 5% in that time period.
Related: Einhorn to Apple: Give us more cash!
Credit ratings agency Moody's (MCO) also reported profits that met expectations. Still, shares moved down more than 3% on worries that the government might sue the firm over its ratings of mortgage securities, as it did rival Standard & Poor's earlier this week.
The trade deficit shrank in December to $38.5 billion, down from $48.6 billion the previous month, according to the U.S. Department of Commerce. Data on wholesale inventories is due at 10 a.m.
European markets rose between 0.5% and 0.8% from data showing healthy growth in Chinese imports and exports last month, even as price pressures subsided.
Related: Fear & Greed Index hovers at "extreme greed"
U.S. stocks slipped Thursday, as investors digested mixed economic news and a slew of earnings reports.
Asian markets ended mixed. Japan's Nikkei lost 1.8%, amid worries voiced by Japanese Finance Minister Taro Aso that the yen has weakened more than the government had hoped. Hong Kong's Hang Seng added 0.2% and the Shanghai Composite increased 0.6% in the final day of trading before an extended Chinese New Year holiday.
Oil prices rose 0.5%, while gold prices dropped slightly.
The yield on the 10-year Treasury note fell slightly to 1.98%.
The U.S. dollar rose versus the euro but fell versus the British pound and the Japanese yen 
First Published: February 8, 2013: 9:50 AM ET
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