The S&P 500 and Nasdaq finished with modest session gains after earlier hitting record highs, the latter notching its fifth-straight daily win. For the week, all three major indexes finished comfortably higher, with the Dow marking its best week since early April. Meanwhile, Wall Street's "fear gauge," the Cboe Volatility Index (VIX), closed out with its sixth consecutive daily loss.

The market received a major boost today after news the U.S.-China trade deal had been finalized. Momentum faltered a bit in the early afternoon after President Trump said he is ending all trade discussions with Canada after Ottawa's decision to impose a digital services tax on American tech companies.

OIL MARKS WORST WEEK SINCE 2023

Oil prices suffered their worst weekly pullback since March 2023 as tensions in the Middle East continue to ease. July-dated West Texas Intermediate (WTI) crude gained 28 cents, or 0.43%, to settle at $65.52 on the day, but fell about 11% for the week. 

Gold prices finished the week lower as well, as investors shift away from safe-haven assets. For the day, U.S. gold futures dropped 1.8% to $3,287.60. For the week, gold fell around 3.3%.

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