• The Dow Jones Industrial Average .DJI rose 251.22 points, or 0.95 percent, to 26,656.98, the S&P 500 .SPX gained 22.8 points, or 0.78 percent, to 2,930.75 and the Nasdaq Composite .IXIC added 78.19 points, or 0.98 percent, to 8,028.23.

The last time the S&P and Dow hit record intraday highs without the Nasdaq following suit was Dec. 13, 2017. Of the 11 major sectors of the S&P 500, all but energy .SPNY ended the session in positive territory.

Trade-sensitive industrial stocks led the Dow Jones Industrial Average to a record closing high on Thursday, the last of Wall Street’s main indexes to fully regain ground since a correction that began in January. All three major U.S. indexes closed higher as trade worries subsided. Technology companies led the Nasdaq higher, along with the S&P 500, which also hit a new closing high.

• Asia markets traded in positive territory in the morning on the final trading day of the week, following record highs on Wall Street.

• Japan's Nikkei 225 advanced by 0.49 percent in the early hours of trading action, with the insurance sector rising by 1.43 percent. The moves came following after a data release earlier showed that the country's nationwide core consumer price index for the month of August rose 0.9 percent compared to a year ago. It was in line with expectations from a Reuters poll but still off the Bank of Japan's inflation target of 2 percent.

• South Korea's Kospi also saw gains, trading up by 0.3 percent in the morning.

Reference: Reuters, CNBC