Stocks markets closed higher Friday, extending their winning streak to the fourth straight session and notching gains on the week.

The Nasdaq Composite was up 1.3% at 17,382.9, while the S&P 500 rose 0.7% at 5,525.2. The Dow Jones Industrial Average edged up 0.1% to 40,113.5. Among sectors, consumer discretionary and technology led the gainers, while materials saw the biggest drop.

For the week, the Nasdaq rallied 6.7%. The S&P 500 rose 4.6%, while the Dow climbed 2.5%.

The US is "very close to a deal" on tariffs with Japan, The Wall Street Journal reported, citing President Donald Trump. "Trade deals are going very well," he reportedly said.

The White House has recently softened its tone around China.

Bloomberg News reported that Beijing is considering exempting some American imports from a 125% tariffs rate. China seems to have quietly rolled back the 125% tariffs on certain semiconductors made in the US, CNN reported, citing three import agencies in China.

Shippers are scaling back bookings out of Asia in response to global trade tensions, with a drop in the number of container vessels headed to the West Coast's biggest sea ports already reflecting the impact of Trump's China tariffs. The American trucking industry is also preparing for an expected slowdown in cargo imports.

US Treasury yields were down, with the 10-year rate falling 5.9 basis points to 4.27% and the two-year rate easing 3.2 basis points to 3.77%.

In company news, Charter Communications' (CHTR) first-quarter revenue unexpectedly rose year over year, aided by a double-digit gain in mobile service. The broadband connectivity company and cable operator's shares jumped 11%, the top gainer on the S&P 500.

Chipmaking giant Nvidia's (NVDA) shares were up 4.3%, the best performer on the Dow.

T-Mobile US (TMUS) was the second-worst S&P 500 performer, down 11%. The wireless company's phone subscribers declined more than market expectations in the first quarter, while earnings and revenue topped estimates late Thursday.

Intel (INTC) shares were down 6.7%, among the steepest declines on the S&P 500. The chipmaker issued a downbeat second-quarter financial outlook late Thursday.

In economic news, US consumer sentiment waned for the fourth straight month in April as uncertainty around tariffs dampened expectations and pushed the year-ahead inflation outlook to the highest point since 1981, according to a survey by the University of Michigan.

"While this month's deterioration was particularly strong for middle-income families, expectations worsened for vast swaths of the population across age, education, income, and political affiliation," Surveys of Consumers Director Joanne Hsu said. "Consumers perceived risks to multiple aspects of the economy, in large part due to ongoing uncertainty around trade policy and the potential for a resurgence of inflation looming ahead."

West Texas Intermediate crude oil was up 0.6% at $63.17 a barrel, but on pace for a weekly drop amid oversupply concerns. Brent was 0.6% higher.

"Traders now view further gains (in Brent) as unlikely in the short term due to the continued trade war among top global consumers and speculation that (the Organization of the Petroleum Exporting Countries and its allies, or OPEC+) may accelerate production hikes from June," Saxo Head of Commodity Strategy Ole Hansen said in a note.

Gold decreased 0.9% to $3,317 per troy ounce, while silver lost 1.8% to $32.91 per ounce.