The US markets ended higher on Friday as stocks extended their pre-holiday rally, with all major averages closing higher for the fifth consecutive session. The renewed optimism about the outlook for interest rates following dovish comments from leading Federal Reserve officials has supported the investors’ sentiments. The optimism helped Dow and S&P to gain 0.3 percent and 0.1 percent, respectively, for the month of November. On the flip side, Nasdaq still slumped by 1.5 percent for the month. Meanwhile, trading disruption at the Chicago Mercantile Exchange earlier in the day along with an early close on Wall Street  have kept some traders on the sidelines along with a lack of major U.S. economic data.

On the sectoral front, significant strength has been seen among computer hardware stocks with the NYSE Arca Computer Hardware Index surging by 2.5 percent. Shares of SanDisk spiked by 3.8 percent as the storage company joined the S&P 500 before the start of the day's trading. Further, a sharp increase by the price of gold contributed to strength among gold stocks, as reflected by the 2.1 percent jump by the NYSE Arca Gold Bugs Index.

Dow Jones Industrial Average climbed 289.30 points or 0.61 percent to 47,716.42, Nasdaq advanced 151.00 points or 0.65 percent to 23,365.69 and S&P 500 rose 36.48 points or 0.54 percent to 6,849.09.