Wall Street ended Friday's trading session in the positive territory, but market benchmarks posted their first weekly loss in three weeks. Investors focused again on headlines about Gilead Science's (GILD  ) antiviral drug remdesivir, as Reuters reported that one potential COVID-19 treatment clinical trial was ahead of schedule and could report early results in mid-May.

Although treatment news continues to sway the market, weeks-long social distancing across the United States is beginning to show economic damage. According to a University of Michigan's survey, consumer sentiment had dropped almost 20% in April compared to March, indicating an ongoing recession. United States manufacturing data also showed stress and durable goods dropped the most in six years in March.

President Donald Trump signed another $486 billion coronavirus relief package on Friday afternoon, providing more funds to small businesses and hospitals, but no stimulus to state governments or individuals.

Here's how the market closed for the week:

S&P 500 Index (SPY  ): +1.39% or +38.94 points to 2,836.74

Dow Jones Industrial Average (DIA  ): +1.11% or +260.01 points to 23,775.27

Nasdaq Composite Index (QQQ  ): +1.65% or +139.77 points to 8,634.52

In Major Stock News, Boeing (BA  ) put pressure on the Dow's gains on Friday after the manufacturer announced that it would be delaying the return of the 737 Max and cut 787 Dreamliner's production in half due to impact from the coronavirus pandemic. Draft Kings (NASDAQ: debuted on the Nasdaq on Friday after completing a $3.3 billion reverse merger with SBTech and special purpose acquisition company Diamond Eagle Acquisitions. Hertz Global shares dropped after a report found that the coronavirus's impact on the business had forced the company to fire financial and legal advisors. AT&T (T  ) announced the outing of CEO Randall Stephenson, his replacement being COO John Stankey on July 1.

In Stock Sector News, every sector ended Friday's session in the green. The performance gains were as follows: Information Technology +2.11%, Materials +1.56%, Health Care +1.44%, Consumer Discretionary +1.43%, Financials +1.41%, Consumer Staples +1.12%, Communication Services +1.06%, Industrials +0.77%, Utilities +0.63%, Real Estate +0.29% and Energy +0.21%.

In Commodity and Currency News, crude oil prices continue to rise as the trading week ends after Monday's historic crash. Investors are trading with the hope that the U.S. will make deeper cuts in production to remedy the decrease in global demand. West Texas Intermediate (USO  ) settled +2.7% to price at $16.94 per barrel, while Brent Crude (BNO  ) ended trading +0.11% to $21.44 per barrel. Gold (GLD  ) traded down as investors moved more money back into stocks, declining -0.37% to $1,738.90 per ounce. Finally, the U.S. Dollar (UUP  ) lost momentum on Friday, with the DXY Index dropping -0.24%.

For the week ahead, the Federal Reserve will hold its next monetary policy meeting next week. Investors will also focus on coronavirus headlines as well as earnings from tech giants Facebook (FB  ), Amazon (AMZN  ), Alphabet (GOOGL  ) and Microsoft (MSFT  ).