Nike surged 7 percent early Friday, the most in the Standard & Poor's 500, after its results easily beat analysts' estimates.
The Dow Jones industrial average climbed 174 points, or 1.1 percent, to 16,376 as of 9:35 a.m. Eastern time Friday.
The S&P 500 rose 14 points, or 0.7 percent, to 1,946. The Nasdaq composite increased 34 points, or 0.7 percent, to 4,769.