Mid-Morning Market Update: Markets Open Higher; Abercrombie & Fitch Earnings Top Views

Following the market opening Friday, the Dow traded up 0.98 percent to 17,906.56 while the NASDAQ climbed 0.67 percent to 5,107.53. The S&P also rose, gaining 0.72 percent to 2,096.27.

In trading on Friday, cyclical consumer goods & services shares rose by 0.97 percent. Top gainers in the sector included

, up 18 percent, and

, up 11 percent. Energy shares slipped by 0.09 percent in Friday's trading. Meanwhile, top losers in the sector included

, down 5 percent, and

, off 6 percent.

reported better-than-expected earnings for the third quarter. The New Albany, Ohio-based company reported quarterly net income of $41.9 million, or $0.60 per share, versus $18.2 million, or $0.25 per share, in the year-ago period. Excluding certain items, the company's adjusted earnings rose to $0.48 per share from $0.42 per share. Its net sales dropped 4 percent to $878.6 million. However, analysts were expecting earnings of $0.22 per share on revenue of $864.65 million.

shares shot up 29 percent to $9.30 on upbeat quarterly earnings. Shares of

got a boost, shooting up 25 percent to $3.34 after the company agreed to be acquired by

for $181 million.

shares were also up, gaining 19 percent to $11.11 after the company reported upbeat Q3 earnings.

shares tumbled 47 percent to $10.89 after the company reported weaker-than-expected Q3 results and issued a downbeat outlook. Shares of

were down 31 percent to $19.11 after the company reported downbeat Q3 earnings and issued a weak outlook.

was down, falling 9 percent to $65.98. Baird downgraded American Woodmark from Outperform to Neutral.

In commodity news, oil traded down 0.67 percent to $40.27, while gold traded up 0.35 percent to $1,081.70. Silver traded down 0.13 percent Friday to $14.24, while copper rose 0.60 percent to $2.10.

European shares were mostly higher today. The eurozone's STOXX 600 rose 0.44 percent, the Spanish Ibex Index fell 0.06 percent, while Italy's FTSE MIB Index surged 0.14 percent. Meanwhile, the German DAX climbed 0.60 percent, and the French CAC 40 gained 0.10 percent, while U.K. shares rose 0.43 percent.

The Kansas City Fed composite manufacturing index for November will be released at 11:00 a.m. ET.