Stocks closed up for the week, as optimism over trade deals overshadowed plummeting consumer sentiment data released on Friday.
The S&P 500 (^GSPC) (^GSPC) extended gains for a fifth straight session, up more than 5% for the week.
The tech-heavy Nasdaq Composite (^IXIC) also rose more than 7% over the past five days.
The Dow Jones Industrial Average (^DJI) also rose on Friday, gaining more than 3% for the week.
Investors expect more negotiations to come after the US announced a trade pact with China on Monday. Meanwhile, consumer sentiment tumbled further in May as the impacts of President Trump’s tariff policies remained top of mind.
Some notable outperformers this week included AI chip giant Nvidia (NVDA), which put its shares back in positive territory for the year.
Tesla stock (TSLA) also capped the fourth straight week of gains, recouping a large chunk of losses from a recent low on April 21.
Bitcoin (BTC-USD) hovered near $104,000 on Friday. The cryptocurrency has remained relatively steady this week as the overall market has climbed.
