(CNBC) Stocks jumped on Friday, the last trading day of the first half of the year, as Nike and bank shares. Equities were still headed for weekly losses, however, as the underlying market sentiment was soured by anxiety over global trade frictions.
The Dow Jones Industrial Average rose 257 points, with Nike outperforming. The S&P 500 gained 0.8 percent as financials jumped 1 percent. The Nasdaq composite advanced 0.7 percent.
Nike shares jumped more than 11 percent and reached an all-time high after the company reported quarterly earnings and revenue that beat expectations.
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