U.S. stocks traded higher toward the end of trading, with the Nasdaq Composite gaining more than 300 points on Friday.

The Dow traded up 0.30% to 54,048.67 while the NASDAQ rose 1.20% to 26,663.54. The S&P 500 also rose, gaining, 0.58% to 7,754.64.

Leading and Lagging Sectors

Materials shares jumped by 1.5% on Friday.

In trading on Friday, energy stocks fell by 1.4%.