The Dow Jones Industrials jumped 199.37 points to 33,745.69
The S&P 500 regained 18.78 points to 3,965.34
The NASDAQ climbed out of the red by the closing bell, gaining 1.11 points to 11,146.06.
All of the major averages were on pace for down weeks — the Dow and S&P sit less than 1% below the flat line, while the NASDAQ is lower by 1.8%. All three indexes are positive for the month, however.
Credit Suisse downgraded HP to neutral from outperform on Friday.
Those headwinds include weakening consumer sentiment, pressure on average selling prices as a result of lower demand and better supply, and slower enterprise PC and print demand.
Shares of HP are down about 22% year to date. They capsized seven cents to $29.52.
Ross Stores jumped 10% after a quarterly beat on earnings and revenue. The company was also named by Credit Suisse as its top pick in the off-price retail sector.
Shares jumped 7% after Foot Locker surpassed expectations in its latest quarterly report and raised its full-year forecast.
Carvana dropped 6% after word the company plans to lay off about 1,500 employees, or 8% of its workforce.
Economically speaking, the Conference Board said its Leading Economic Index fell 0.8% in October, bringing its cumulative six-month decline to 3.2%, after rising 0.5% in the previous half-year.
Prices for the 10-year Treasury fell slightly, raising yields to 3.81% from Thursday’s 3.77%. Treasury prices and yields move in opposite directions.
Oil prices flopped $2.46 to $79.18 U.S. a barrel.
Gold prices doffed $4.30 to $1,748.70 U.S. an ounce.