U.S. stocks finished higher Friday, with the S&P 500 scoring a fifth straight record closing peak. All three major U.S. equities benchmarks saw weekly gains.

The S&P 500 and Nasdaq notched record high closes on Friday, lifted by optimism the U.S. could soon reach a trade deal with the European Union, while Deckers Outdoor surged following a strong quarter for the maker of UGG boots and Hoka sneakers.

Wall Street ended higher on Friday, capping off a strong week that saw both the Nasdaq Composite and S&P 500 finish the week at fresh record highs. At the close of trading the blue-chip Dow (DJI) had advanced by 0.

Trade tensions, weaker-than-expected housing data and a mixed bag of earnings results didn’t keep the S&P 500 and Nasdaq composite from hitting new records on Thursday. The S&P 500 added less than 0.1% for its fourth consecutive record,

The S&P 500 and the Nasdaq notched record high closes on Thursday as robust results from Google parent Alphabet fueled optimism about other heavyweight artificial intelligence stocks, while Tesla slumped after the electric vehicle maker's results disappointed investors.

U.S. stocks are ticking toward more records and coasting toward the close of another winning week. The S&P 500 was up 0.1% in early trading Friday, coming off its latest all-time high. The index is on track to finish its fourth winning week in the last five.

The S&P 500 and Nasdaq notched record high closes on Wednesday, lifted by Nvidia and GE Vernova, as the European Union and the U.S. appeared headed toward a trade deal similar to an agreement President Donald Trump struck with Japan.