NEW YORK, May 10 (Xinhua) -- U.S. stocks closed higher on Friday, recovering all their early losses, as investors kept themselves informed of latest updates regarding global trade.
The Dow Jones Industrial Average increased 114.01 points, or 0.44 percent, to 25,942.37. The S&P 500 rose 10.68 points, or 0.37 percent, to 2,881.40. The Nasdaq Composite Index was up 6.35 points, or 0.08 percent, to 7,916.94.
Ten of the 11 primary S&P 500 sectors traded higher around market close, with the utilities sector up more than 1.7 percent, leading the gainers.
Share of Uber fell 7.62 percent, amid much market attention to the first trading day of U.S. ride-sharing service provider, which went public on the New York Stock Exchange on Friday.
Uber priced its initial public offering at 45 U.S. dollars per share, the low end of its targeted range. If fully diluted, it will have a market valuation of 82.4 billion dollars.
Shares of Marriott International declined nearly 2.8 percent, after the hotel giant posted first-quarter revenue that fell short of market estimates.
Shares of Ford rose nearly 1.8 percent, after Bank of America Merrill Lynch upgraded the company's stock to "buy" from "neutral."
The bank said in a note that the automobile giant has started "a more sustainable inflection in earnings" propelled by a favorable product cadence and restructuring efforts.
On the economic front, U.S. consumer price index rose 0.3 percent in April, down from the 0.4 percent growth in March, said the U.S. Bureau of Labor Statistics on Friday.
April's growth came as the gasoline index continued to pick up, rising 5.7 percent and accounting for over two-thirds of the all items monthly increase.
The energy index also rose, while the food index fell for the first month since June 2017.
