U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Friday.

Following the market opening Friday, the Dow traded up 0.13% to 49,508.69 while the NASDAQ surged 0.51% to 23,649.47. The S&P 500 also rose, gaining, 0.28% to 6,963.79.

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Leading and Lagging Sectors

Information technology shares gained by 0.9% on Friday.

In trading on Friday, utilities stocks dipped by 1.2%.

Top Headline

M&T Bank (NYSE:MTB) reported upbeat earnings for the fourth quarter on Friday.

The company posted quarterly earnings of $4.72 per share which beat the analyst consensus estimate of $4.47 per share. The company reported quarterly sales of $2.475 billion which beat the analyst consensus estimate of $2.474 …

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