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Stocks rose slightly on Friday to close out a solid week, led by gains in semiconductor shares.
The Dow Jones Industrial Average improved 49.84 points to 26,195.83, as Boeing and Goldman Sachs outperformed.
The S&P 500 moved up 2.55 points to 2,906.73, led by tech and financials.Entering Friday's session, the broad index was up 1.1% for the week, and was pressing for a fifth consecutive gaining session.
The NASDAQ pointed higher 15.34 points to 8,029.05, as shares of Nvidia gained more than 2%. Nvidia rose after Needham hiked its price target on the stock, noting the company's "dominance" in machine learning gives the stock more upside. Advanced Micro Devices also rose 4.2%.
Financials also rose as J.P. Morgan Chase climbed 0.4% while Bank of America gained 0.7%. Morgan Stanley gained 1.2%, and Goldman Sachs advanced 0.7%.
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 3% from Thursday’s 2.97%. Treasury prices and yields move in opposite directions.
Oil prices squeaked higher nine cents to $68.68 U.S. a barrel.
Gold prices forfeited $6.20 to $1,202.00
