Stocks advanced in Europe and Asia ahead of Monday's Memorial Day holiday in the United States.
Oil prices also rose.
European stocks posted modest gains after the open, while Asian benchmarks gained upward momentum as the day progressed.
Germany's DAX rose 0.1% to 18,713.43 and Paris' CAC 40 rose 0.2% to 8,107.16. London markets were closed for a bank holiday.
The S&P 500 future fell less than 0.1% and the Dow Jones Industrial Average future fell just over 0.1%.
Tokyo's Nikkei 225 added 0.7% to 38,900.02 and Seoul's Kospi jumped 1.2% to 2,722.99.
Australia's S&P/ASX 200 rose 0.8% to 2,788.30 and the Shanghai Composite gained 0.8% to 3,124.24, as the government reported corporate profits rose 4.3% year-on-year in January-April.
Hong Kong's Hang Seng reversed early losses, gaining 1.2% to 18,827.35.
In Taiwan and South Korea, heavy buying in computer chip-related stocks pushed benchmark indices higher. The Taiex closed up 1.1% after reaching a new record. MediaTek, a semiconductor company that provides chips for wireless communications, high-definition television and handheld mobile devices, rose 7.5%.
Taiwan Semiconductor Manufacturing Corp. posted a smaller gain of 0.2%.
"The strong global semiconductor cycle is positive for Taiwan's growth prospects," ANZ's Raymond Yeung and Bansi Madhavani wrote in a research note. "The global semiconductor cycle is strong thanks to advances in artificial intelligence applications, cloud computing and 5G telecommunications technology," he said.
On Friday, the S&P 500 gained 0.7%, recovering all of its losses from the previous two days. He made a small gain during the week, extending his weekly winning streak to five, and sits just shy of his record set on Tuesday.
The Dow Jones rose less than 0.1% and the Nasdaq composite gained 1.1% to 16,920.79, surpassing an all-time high set earlier in the week.
Nvidia rose another 2.6% on Friday, making it the biggest force driving the S&P 500 higher.
This week's stock turmoil came despite another spectacular earnings report from Nvidia, which has skyrocketed to become one of Wall Street's most influential stocks amid a frenzy around artificial intelligence technology. . The fervor around AI had driven some stocks to heights that critics called exaggerated, but Nvidia's surprising growth and forecasts for more suggest it could continue.
The broader US economy has been showing continued strength in US household spending, but the hidden numbers may not be as encouraging.
Concerns about persistently high inflation were behind last week's difficult trading, after recent records. The weakness began after the Federal Reserve on Wednesday released minutes from its latest policy meeting that showed some officials talking about a possible rate hike if inflation worsens.
Stocks fell further after reports on Thursday indicated that the US economy is stronger than expected. Such strength may actually scare Wall Street because it could keep upward pressure on inflation.
In other trading on Monday, benchmark U.S. crude oil gained 31 cents to $78.03 a barrel in electronic trading on the New York Mercantile Exchange. On Friday he earned 85 cents.
Brent crude, the international standard, added 32 cents to $82.16 a barrel.
In currency trading, the US dollar fell to 156.94 Japanese yen from 156.99 yen.
The euro rose to $1.0849 from $1.0844.
