Black Friday sales boosted the US stock market today, with the Dow Jones up by 346 points, as of 15:00 GTM, as increase of 1.43 percent to trade at 24,552.32.
October 2018 was among the most volatile months in 118 years for the US stock index, Fox News reported.
Members of the so-called FAANG group also rose, with shares of Facebook, Apple, Netflix and Google-parent Alphabet gaining at least 1.5 percent.
The technology stocks faced a turbulent time last week as they dropped by at least 3.6 percent.
Facebook suffered off the back of a negative Wall Street Journal report claiming the company has adopted a new aggressive leadership style.
Mark Zuckerberg was reported to have said Facebook is at war and “he planned to lead the company accordingly” in the wake of the Cambridge Analytica scandal and how Facebook handled the situation.
The claims were later dismissed by the Facebook CEO who said the coverage was causing “bad morale” among members of staff at the social media platform.
Apple shares also fell as the Wall Street Journal claimed the company has slashed production orders for its latest iPhones.
Other retailers, including Best Buy Inc, Walmart Inc and Target Corp, also rose around 1 percent each.
The S&P index recorded five new 52-week highs and one new lows, while the Nasdaq recorded 10 new highs and 23 new lows.
Randy Frederick, vice president of trading and derivatives for Charles Schwab in Austin, Texas, said: “We had a pretty miserable week in terms of the equity markets and sometimes you get a relief rally, markets could be bouncing a little bit based on that.
“I think the anticipation ahead of the holidays is that it would be a pretty strong season and black Friday is a big part of that.”
Oil prices also soared today, with US crude inching up to $52.09 per barrel, an increase of 3.31 percent.
Brent crude was up to $60.90 per barrel after rising by 3.57 percent.
Up until today, the value per barrel had dropped by around 20 percent so far in November, in a seven-week streak of losses.