The S&P 500 was up 0.9% to 4,362.04 in midday trading Friday.
The Dow Jones Industrial Average rose 1.1% to 34,813.79, while the Nasdaq increased 0.9% to 14,693.3.
Crude oil was up 2% to $74.37.
Gold rose 0.6% to $1,810.40.
The yield on a 10-year Treasury increased 5% to 1.35%.
Aliso Viejo-based auto technology firm Indie Semiconductor Inc. (Nasdaq: INDI) was trading up 10.2% to $9.11 for a market cap of $1.2 billion. The company, which makes semiconductors and software used in connected vehicles, went public through a reverse merger last month and is expected to provide results for its second quarter Aug. 10.
Huntington Beach restaurant operator BJ’s Restaurants Inc. (Nasdaq: BJRI) was up 5.5% to $48.33 for a market cap of $1.1 billion. The company, which counts 212 restaurants, said this week CEO Greg Trojan will retire Sept. 1, at which time President and CFO Gregory Levin will become president and CEO. Thomas Houdek, vice president of strategy and financial planning and analysis, will become senior vice president and CFO Sept. 1.