US stocks rose on Friday as data on inflation and consumer confidence nearly matched forecasts, and shares of investment banks and General Motors Corp gained after brokerage upgrades.
Stocks shrugged off reports that gunfire was heard at a US Capitol building garage, and the Nasdaq turned positive for the year, continuing to recoup losses triggered by a slide in equities more than a week ago. GM shares jumped 1.4 percent to $28.29 after Prudential raised its rating on the stock to "overweight."
The Dow Jones industrial average was up 54.93 points, or 0.49 percent, at 11,265.98. The Standard & Poor's 500 Index was up 5.45 points, or 0.43 percent, at 1,278.33. The Nasdaq Composite Index was up 8.76 points, or 0.40 percent, at 2,207.00.