Bears at bay for now

NEW YORK (CNNMoney.com) -- Stocks rose in early trade Friday after a brutal three day selloff as investors kept a leery eye on higher Treasury yields while interest rate jitters persist.

The Dow, Nasdaq and S&P 500 moved higher as Wall Street tried to stem three days of losses which sent the Dow about 400 points lower.

The nation's trade deficit narrowed more than expected in April. Imports outstripped exports by $58.5 billion in the month, down from a revised $62.4 billion in March, according to a government report.

In corporate news, a U.S. agency barred the import of new models of advanced cell phones containing chips from Qualcomm (Charts, Fortune 500), in a decision over its patent dispute with Broadcom (Charts).

Oil prices fell $1.09 to $65.84 a barrel as the cyclone battering the Persian Gulf lost strength and oil production resumed in Oman.