Wall Street ended not far from Thursday's market moves on Friday, as investors weighed increasing U.S.-China tensions and the uncertain timeframe for economic recovery with optimism around potential vaccines. However, major indices still ended the week with gains, with the Nasdaq leading at 3.4%, the Dow adding 3.3% and the S&P 500 climbing 3.2%.

This week had casted new uncertainty towards the future of the U.S.-China trade deal as both sides continue to wage threats. On Friday, the U.S. Commerce Department said is will add 33 Chinese companies and institutions to an economic blacklist for human rights violations and U.S. national security concerns.

Here's how the stock market closed for the week:

S&P 500 Index (SPY  ): +0.24% or +6.94 points to 2,955.45

Dow Jones Industrial Average (DIA  ): -0.04% or -8.96 points to 24,465.16

Nasdaq Composite Index (QQQ  ): +0.43% or +39.71 points to 9,324.59

In Major Stock News, Alibaba (BABA  ) stock fell despite the company's positive quarterly earnings report due to escalating U.S.-China tensions and threat of delisting. Foot Locker (FL  ) plummeted after a weaker-than-expected earnings. Rival Pinduoduo (PDD  ) conversely rose after earnings and online sales beat. Lululemon Athletica (LULU  ) jumped to a new all-time high after the company announced it has reopened 150 stores across North America, Europe, Asia, New Zealand and Australia and plans an additional 200 more in the next two weeks.

In Stock Sector News, sectors ended Friday's season in a mixed bag of gains and losses. The performance gains were as follows: Real Estate +2.21%, Utilities +1.14%, Communication Services +0.45%, Information Technology +0.42%, Consumer Staples +0.33% and Health Care +0.19%. The rest that ended trading on the negative side: Energy-0.67%, Financials -0.26%, Materials -0.17%, Consumer Discretionary -0.14% and Industrials -0.11%.

In Commodity and Currency News, West Texas Intermediate (USO  ) futures settled 2% lower at $33.25 per barrel. However, oil prices increased over 12% for the week. Gold (GLD  ) price per ounce increase to about $1,752 on the back on stock market uncertainty. Finally, the U.S. Dollar (UUP  ) also gained +0.50%.

The stock market will be closed on Monday for United States Memorial Day holiday. Trading will resume on Tuesday.