Stocks fought their way slightly higher on Friday, led by gains in semiconductor shares.
The Dow Jones Industrial Average raised itself 12.22 points to 26,158.21, as Boeing and Goldman Sachs outperformed.
The S&P 500 fell 0.35 points to 2,903.83, led by techs and financials. The index was on track to post its fifth straight day of gains as well as notch solid weekly gains. Entering Friday's session, the broad index was up 1.1% for the week.
The NASDAQ pointed higher 7.96 points to 8,021.67
Shares of Nvidia gained more than 1%. Nvidia shares rose after Needham hiked its price target on them, noting the company's "dominance" in machine learning gives the stock more upside. Advanced Micro Devices also rose 2.4%.
Financials also rose as J.P. Morgan Chase and Bank of America both climbed about half a percent, while Morgan Stanley improved 1.5% and Goldman Sachs hiked 0.9%.
Sources told the media on Wednesday that the U.S. was in the early stages of proposing a new round of trade talks with China in the near future.
This comes after a week of turmoil between the two nations, which saw China looking to seek permission from the World Trade Organization to inflict sanctions upon the U.S., and President Donald Trump stating last week that he was "ready to go" on hitting China with an additional amount of tariffs.
Shares of Boeing were up 1.8%, and Caterpillar improved 3% this week. Both are considered bellwethers for global trade.
Prices for the benchmark for the 10-year U.S. Treasury sagged, raising yields to 2.99% from Thursday’s 2.97%. Treasury prices and yields move in opposite directions.
Oil prices faded 24 cents to $68.35 U.S. a barrel.
Gold prices slid $1.40 to $1,206.80
