U.S. stocks closed higher Friday as two of the nation’s largest banks kicked off corporate earnings season.

Financial shares led the advance after Wells Fargo and JPMorgan Chase both reported earnings that beat expectations.

Disney shares also helped add to gains after the company announced details on its streaming service.

In corporate news, Chevron announced it has entered into an agreement to acquire Anadarko Petroleum.

U.S. Treasury prices were lower.

The Dow Jones Industrial Average fell 13 points, or less than 1 percent, for the week.

Volume on the New York Stock Exchange was moderate Friday, with 847 million shares traded. Advancers outnumbered decliners by a 2-1 margin.

Gold fell $1.72 to $1,290.83, silver fell 1 cent to $14.98, and crude oil rose 26 cents to $63.84 a barrel.

The 30-year Treasury yield closed higher at 2.97 percent, and the 10-year Treasury yield finished higher at 2.56 percent.

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