US stocks have opened mostly higher as global markets steadied one day after recording steep declines in most markets.
About 40 minutes into trade, the Dow Jones Industrial Average rose 52.75 (0.36 per cent) to 14,811.07.
The broad-based S&P 500 added 6.70 (0.42 per cent) to 1,594.89 while the tech-rich Nasdaq Composite Index slipped 2.25 (0.07 per cent) to 3,362.39.
On Thursday, the US indices each tumbled by 2.3 per cent or more. There were sharp declines in markets in China, France, Britain and elsewhere. Gold prices shed 6.5 per cent and oil futures sank nearly $4.
Thursday's turbulence followed news that the Federal Reserve is close to tapering its bond-buying program. Markets are also jittery about the Chinese economy and the state of Chinese credit markets.
"The story is the broader market and how negatively it has reacted since the Fed decision on Wednesday," said Briefing.com analyst Patrick O'Hare.
"Today's chapter will be important since a happy ending is expected following such big losses."
Software and cloud computing company Oracle announced it was doubling its dividend and initiating a $12 billion share repurchase program, but shares still fell 8.8 per cent as the company reported flat revenues.
Restaurant chain company Darden Restaurants fell 2.5 per cent after reporting net earnings of 1.03 per share, one penny shy of expectations. The company expects a "slow and uneven recovery in both the overall economy and our industry," necessitating an emphasis on affordability.
Used car retailer CarMax rose 2.1 per cent after reporting that sales revenues grew 23.4 per cent compared with the year-ago quarter, and net profits rose 21.5 per cent.
Bonds were mixed. The yield on the 10-year US Treasury edged higher to 2.43 per cent from 2.42 per cent Thursday, while the 30-year slipped to 3.50 per cent from 3.51 per cent. Bond prices move inversely to yields.
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