New York -- U.S. markets turned higher Friday after the EU reported seven European banks failed financial stress tests.
Of 91 European banks examined to find those that might not survive an economic downturn only five banks in Spain, one in Germany and one in Greece failed.
In early afternoon trading, the Dow Jones industrial average was up 45.18 or 0.44 percent to 10,367.48.
The Standard & Poor's 500 index rose 3.50 or 0.32 percent to 1,097.17. The Nasdaq composite index added 5.72 or 0.25 percent to 2,251.61.
The benchmark 10-year U.S. Treasury note fell 6/32 to yield 2.95 percent.
The euro fell to $1.2857 from Thursday's $1.2888. Against the yen, the dollar rose to 87.315 from Thursday's 86.9.