The US markets ended higher on Friday as consumer price inflation data came largely with street estimates. The Commerce Department said its personal consumption expenditures (PCE) price index climbed by 0.3 percent in September, matching the growth seen in August along with street estimates. The annual rate of growth by the PCE price index ticked up to 2.8 percent in September from 2.7 percent in August. Further, the annual rate of growth by the core PCE price index edged down to 2.8 percent in September from 2.9 percent in August. Meanwhile, street had expected the annual rate of growth to remain unchanged. The unexpected slowdown in the annual rate of core price growth reinforced recent optimism about the outlook interest rates ahead of next week's Federal Reserve meeting.

On the sectoral front, significant strength has been seen in computer hardware, with the NYSE Arca Computer Hardware Index climbing by 1.7 percent. The networking, semiconductor and software stocks saw notable strength, while steel stocks showed a significant move to the downside.

Dow Jones Industrial Average rose 104.05 points or 0.22 percent to 47,954.99, S&P 500 increased 13.28 points or 0.19 percent to 6,870.40 and Nasdaq climbed 72.99 point or 0.31 percent to 23,578.13.