DJIA Leaders and Laggards: GM UTX

The blue chip index gained 94.28 points to end at 12,992.66.

Shares of General Motors gained $1.04, or 5.2 percent, to $21.23. On Thursday, the Canadian Auto Workers union tentatively agreed to labor deals with General Motors and Chrysler LLC to replace contracts that expire in September.

Intel Corp. shares rose $1.13, or 4.7 percent, to $24.97. A Lehman Brothers analyst raised his price target on the chip maker in a note to investors and reiterated his "Overweight" rating.

JPMorgan Chase & Co. shares jumped $1.11, or 2.4 percent, to $47.02 after Federal Reserve Chairman Ben Bernanke said he was buoyed by banks efforts to raise capital and ease the credit crisis.

Among the losing stocks, United Technologies Corp. shed 87 cents to $74.29.

Shares of Wal-Mart Stores Inc. lost 33 cents to $57.12.

General Electric Co. dipped 14 cents to $32.37. On Thursday, the Wall Street Journal reported the conglomerate intends to auction off its Louisville, Ky.-based appliance business.

Twenty-two companies finished higher while eight closed down in the index of 30 companies.