U.S. stocks close higher

U.S. stocks ended higher on Friday.

The Dow Jones Industrial Average rose 289.3 points, or 0.61 percent, to 47,716.42. The S and P 500 added 36.48 points, or 0.54 percent, to 6,849.09. The Nasdaq Composite Index increased 151 points, or 0.65 percent, to close at 23,365.69.

Ten of the 11 primary S and P 500 sectors ended lower, with energy and consumer discretionary leading the gainers by adding 1.32 percent and 0.90 percent, respectively. Meanwhile, health bucked the trend by losing 0.50 percent.

U.S. President Donald Trump said on Friday that he may impose additional tariffs on countries that do not support his plan for the United States to "obtain" Greenland.

This is the first time Trump threatened to use tariffs to acquire Greenland, according to U.S. media reports.

Danish Defense Minister Troels Lund Poulsen said on Friday that the U.S. threat to impose additional tariffs highlights the severity of the current situation.

The Danish Ministry of Defense announced on the same day that two Danish F-35 fighters and a French multi-role tanker transport aircraft had completed a training exercise in the southeastern part of Greenland.

Belgium announced on Friday the dispatch of one military person to Greenland to participate in a multinational joint task.

The German Ministry of Defense stated that it is considering sending Eurofighter Typhoon combat aircraft and maritime patrol aircraft to Greenland.

Austrian Chancellor Christian Stocker said on Friday that Greenland is an autonomous territory of Denmark, and Denmark's sovereignty and territorial integrity must be unconditionally respected.

He said Europe has witnessed the United States completely altering the foundation of its relationship with Europe, and the current situation demonstrates that Europe's security needs to be controlled by Europe itself.