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U.S. stocks rose Friday, led by apple and Microsoft, as investors ended a volatile week of trading as some states prepared to ease the blockade related to the coronavirus outbreak.
Both Apple (AAPL. O) and Microsoft (MSFT. O) rose more than 1%, giving the S & P 500 the biggest boost. The two technology giants will report results for the quarter to March next week, giving investors a glimpse of the impact of the new crown epidemic on their global businesses.
Boeing (BA. N) plunged more than 6 per cent after reports it plans to cut production of its 787 Dreamliner by about half.
All 11 sectors of the S & P 500 index rose, with information technology up 2.1% and materials up 1.5%.
Despite Friday's gains, the S & P 500 index closed lower this week as business activity nearly collapsed in April and initial jobless claims topped 26 million in five weeks, leaving investors worried about a deep recession.
The index has rebounded more than 25 per cent from its march low, and expectations are rising that more companies will be allowed to resume production as the coronavirus epidemic shows signs of peaking.
Georgia became the first state to allow a series of small businesses to reopen on Friday, despite opposition from President trump and health experts.


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