Stocks rose on Friday after falling more than 1 percent at the open, lifted by shares of banks and basic materials companies.

The Dow Jones industrial average <.DJI> edged up 9.90 points, or 0.10 percent, to 10,077.91. The Standard & Poor's 500 Index <.SPX> gained 2.88 points, or 0.27 percent, to 1,074.47. The Nasdaq Composite Index <.IXIC> rose 7.90 points, or 0.36 percent, to 2,211.91.

(Editing by Jeffrey Benkoe)