05:12 PM EDT, 07/25/2025 (MT Newswires) -- The S&P 500 and the Nasdaq Composite gained on Friday, extending their record-setting advance during a week that saw new trade deals secured by the US.

The S&P 500 rose 0.4% to 6,388.6, setting a new closing high for a fifth straight day. The Nasdaq climbed 0.2% to 21,108.3, its third consecutive record level. The Dow Jones Industrial Average advanced 0.5% to 44,901.9.

Barring energy and communication services, all sectors were in the green, led by materials.

For the week, the S&P 500 climbed 1.5%, the Dow gained 1.3%, and the Nasdaq advanced 1%.

The US announced trade deals with Japan, the Philippines and Indonesia this week.

"Equity markets rose this week, with a few more trade deals landing with tariffs that investors are deeming to be manageable," Robert Kavcic, senior economist at BMO Capital Markets. "If we ultimately settle into an outcome of 10%-to-15% US tariffs across the board with most trading partners, the market is betting that's a level that can be absorbed by some manageable combination of margin compression among producers, some by importers, and some modest pass-through (eventually) to consumers."

The US has a "50-50 chance" of making a trade deal with the European Union, Yahoo Finance reported Friday, citing President Donald Trump.

European Commission President Ursula von der Leyen said Friday she will meet Trump in Scotland on Sunday to discuss "transatlantic trade relations."

Earlier this week, the Financial Times reported that the US and the EU were nearing a trade deal that would set 15% tariffs on European imports. However, the EU has approved tariffs on US goods if the parties are unable to strike a trade deal, The Wall Street Journal reported Thursday.

The US has not had a "lot of luck" with Canada regarding a trade deal, Yahoo Finance reported Friday, citing Trump.

Meanwhile, the recently announced trade accord between the US and Japan could be under pressure amid reports that the parties disagree on profit distribution from Japan's $550 billion planned investment in the US, according to Yahoo Finance.

US Treasury yields were lower, with the 10-year rate dropping 1.5 basis points to 4.39% and the two-year rate losing 0.6 basis point to 3.93%.

In company news, Deckers Outdoor ( DECK ) shares jumped 11%, the top gainer on the S&P 500. The footwear designer and distributor late Thursday posted a surprise year-over-year increase in its fiscal first-quarter earnings, while sales topped market expectations.

Charter Communications' ( CHTR ) second-quarter results rose annually, but the cable giant said it lost more than 100,000 of internet subscribers. The company's shares plunged nearly 19%, the worst S&P 500 performer.

Intel ( INTC ) followed Charter on the S&P 500, down 8.5%. The chipmaker late Thursday swung to a loss in the second quarter and said it planned to slash its workforce by 15% by the end of this year.

Synovus Financial ( SNV ) shares slumped nearly 13% and Pinnacle Financial Partners ( PNFP ) slid 12% after the financial services companies announced late Thursday an $8.6 billion all-stock merger deal. RBC Capital Markets said the merger offers strategic benefits, though investors seem worried about potential integration challenges.

West Texas Intermediate crude oil was down 1.5% at $65.07 a barrel in Friday late-afternoon trade.

The US is preparing to allow Chevron (CVX) to resume operations in Venezuela, Reuters reported Thursday.

"This should see Venezuelan oil exports increase by a little more than (200,000 barrels per day), welcome news to US refiners that will ease some tightness in the heavier crude market," ING Bank said in a note on Friday.

US durable goods orders decreased in June, with economists attributing the drop largely to a plunge in Boeing's ( BA ) bookings.

"Durable goods orders faltered in June, and the decline in nondefense capital goods bookings suggests a weaker handoff for (third-quarter) business investment after robust gains earlier this year," BMO Capital Markets said.

Gold was down 1% at $3,339.3 per troy ounce, while silver declined 2.2% to $38.36 per ounce.