U.S. stock indices slightly advanced on Friday amid several strong earnings reports, although shares of mining companies fell because of declines in commodity prices.

The Dow Jones Industrial Average climbed 13.96 points, or 0.1%, to close at 18100.41. The S&P 500 gained 1.64 points, or 0.1%, to 2128.28. The Nasdaq Composite rose 8.72 points, or 0.2%, 5218.86.

Goldman Sachs is skeptical looking ahead as U.S. stocks have historically underperformed in the twelve months after the Fed's first rate hike. For example, Goldman expects the U.S. benchmark S&P 500 returning negative-0.7%, negative-0.2% and a positive-3.2%, on a three-month, six-month and 12-month basis, respectively.

In Asia this morning Hong Kong Hang Seng rose 0.36%, or 91.54 points, to 25,496.35. China Shanghai Composite Index climbed 0.52%, or 20.91 point, to 4,013.02. The Nikkei rose 0.67%, or 138.53 points, to 20,789.45.

Japanese stocks advanced amid a weaker yen and gains in U.S. equities.