NEW YORK—Stocks made a Black Friday foray far into the green, as shares locked down their biggest weekly percentage gain in months in a lightly traded short session.
Asian markets were mostly higher after Chinese data on Thursday showed that manufacturing activity in November expanded for the first time in 13 months. A cease-fire between Israel and Hamas also gave global stocks a boost.
European markets rose on the back of Thursday's strong session, as better-than-expected German data kept investors in a buoyant mood. The Stoxx Europe 600 was up 0.6%, putting the index on track for a fifth consecutive gain, after rallying 0.6% on Thursday.