The latest inflation reading in the United States also helped investors turn their attention to the prospect of further interest rate hikes in the world's biggest economy.
Stock markets recovered on Friday as traders looked past the shock downfall of Nvidia's chief Jensen Huang, though shares in the AI chip behemoth continued their descent.
The latest inflation reading in the United States also helped investors turn their attention to the prospect of further interest rate hikes in the world's biggest economy.
"After a tumultuous week for the Nvidia boss and some dramatic headlines... The focus has switched to US inflation concerns, Treasury yields and the oil price, while, believe it or not, the S&P 500 and the Nasdaq are both on track to register their best weekly gains since August," said Kathleen Brooks, research director at XTB.
But technology woes remained front of mind at the end of the week, with Microsoft struggling to fix an issue that left users around the world without its Outlook email app.
Microsoft's shares fell 1.5 percent at the start of trading.
Wall Street's main indices opened higher however, after eagerly awaited data showed that the Producer Price Index came in largely as expected.
The index, which measures the prices that farms, factories and other makers of goods receive, rose by 0.3 percent in…
