12:16 PM EST, 11/22/2024 (MT Newswires) -- US benchmark indexes were trading higher midday Friday and appear to be on track to erase a pullback seen last week.

The Dow Jones Industrial Average advanced 0.81% to 44,224.84, S&P 500 climbed 0.32% to 5,967.93 and the Nasdaq rose less than 0.1% to 18,986.30.

Consumer discretionary was the biggest gainer while communication services led the decliners intraday.

In economic news, the November flash reading of manufacturing conditions from S&P Global increased to a four-month high 48.8 from 48.5 in October, slightly lower than an expected reading of 48.9 in a survey compiled by Bloomberg as of 7:30 am ET. The index for services conditions rose to a 32-month high 57.0 in November from 55.0 in October, compared with expectations for no change. The composite reading increased to a 31-month high 55.3 from 54.1 in the previous month.

The University of Michigan consumer sentiment index was revised downwards to a reading of 71.8 for November from 73.0 in the preliminary estimate, compared with expectations for an upward revision to 73.9 in a survey compiled by Bloomberg as of 7:30 am ET.

In company news, Intuit (INTU) shares fell 4.2% in recent Friday trading after the company provided fiscal Q2 guidance late Thursday that lagged market expectations.

The US Supreme Court declined to consider an appeal by Meta Platforms' ( META ) Facebook, meaning it will have to face a lawsuit accusing it of misleading shareholders regarding the 2015 data breach involving Cambridge Analytica. Meta Platforms ( META ) didn't immediately respond to a request for comment from MT Newswires. The company's shares were down 1.1% in recent Friday trading.

The US 10-year Treasury yield fell 2.4 basis points to 4.408%. The two year-rate rose 1.5 basis points to 4.364%.

The US Dollar Index was up 0.6% to 107.62.

West Texas Intermediate crude oil rose 1.2% to $70.91 per barrel.

Gold advanced 1.3% to $2,708.4 an ounce, and silver was up 1.2% to $31.315 per ounce.