04:14 PM EDT, 08/08/2025 (MT Newswires) -- US benchmark equity indexes rose Friday with the Nasdaq Composite climbing to a record after a week packed with company earnings and some signs of easing geopolitical tensions.

* Washington and Moscow are seeking a deal to end the war in Ukraine that would formalize Russia's control over territory taken during its invasion, Bloomberg reported, citing people familiar with the matter. US and Russian officials are discussing territorial terms for a potential summit between Presidents Donald Trump and Vladimir Putin as early as next week, while Washington works to secure support from Ukraine and European allies for the agreement, which remains uncertain, the report said.

* Trump chose Stephen Miran, chair of the Council of Economic Advisors, to replace Federal Reserve Governor Adriana Kugler. Miran will serve on the Fed board until the end of January while the search for a permanent successor is underway.

* September West Texas Intermediate crude oil fell $0.20 to settle at $63.68 per barrel, while October Brent crude, the global benchmark, was last seen up $0.02 to $66.45.

* Gilead Sciences ( GILD ) shares rose 8.3%. Q2 results exceeded analyst expectations, driven by strength in its HIV drug segment, and the company forecast 3% growth in annual HIV product sales in 2025, Truist Securities said.

* Trade Desk ( TTD ) shares fell 39%. The outlook has "turned cautious" as the company faces rising competition, primarily from Amazon.com ( AMZN ) , Wedbush Securities said.