Stocks bounced back from their Thursday losses and jumped higher Friday. The Dow Jones Industrial Average climbed higher by over 165 points and Nike soared after reporting better than expected numbers.

A new quarter starts Oct. 1 and that could be causing investors to get more active in the markets.

"We're rallying because we're oversold on the week and because we're wrapping up a quarter and a month, so there's a lot of position squaring," Art Hogan, chief market strategist at Wunderlich Securities said.

Apple recovered from its fall yesterday. The company is dealing with glitches in its new operating system iOS 8. Friday, Apple jumped back over the $100 range and closed the day up almost 3 percent to $100.75.

Likely sharing some of Nike's excitement Friday was Under Armour (UA). With Nike's excellent numbers, Under Armour's stock responded with a more than 4 percent Friday morning but then settled to a 3.36 percent gain at market close.

Facebook (FB) is nearing its 52-week high Friday. It hit $78.79 Friday, only 15 cents below its 52-week high of $78.94.

World Wrestling Entertainment (WWE) is up over 2 percent on Friday. In the past three months, the stock has been up over 22 percent combined. Back in March, the stock was trading in the $30 range. Now WWE is stuck in the $14-15 range.

Besides the Dow, the S&P 500 (up 16.86 points) and the NASDAQ (up 45.45 points) both rose.

Consumers are Confident: Consumer sentiment rose to a 14-month high Friday, according to a survey. That means that consumers are confident in the economy and in buying goods and services. The level for September hit 84.6 which was higher than August's 82.5.

What do you think about Nike's numbers? Are you confident that the stock can keep rising? Leave us a comment below and let us know what you think.

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