Stocks took a dive earlier in trading but ended the day slightly higher. The losses came after President Donald Trump told White House reporters that the administration had not agreed to reduce tariffs on Chinese imports. However, each of the three major indexes regained their losses in later trading and posted record highs for Friday, ending higher for the week.

Here's how the market closed out the week:

S&P 500 Index (SPY): +0.26% or +7.9 points

Dow Jones Industrial Average (DIA) +0.02% or +6.44 points

Nasdaq Composite Index (QQQ): +0.48% or +40.8 points

Earlier this week, China's Ministry of Commerce had said that both parties of the trade war had agreed to reduce tariffs after the passage of a tentative trade deal. This news flooded the markets with increased optimism and sent stocks to record highs. However, it seems that that was not the actual conclusion, with Reuters reporting that reducing levies had not been part of the original deal.

In U.S. Economy news, consumer confidence has increased for November, with the University of Michigan's preliminary Survey of Consumers reading 95.7. This is an ever so slight gain from October's report of 95.5. Richard Curtin, Surveys of Consumers chief economist, wrote that "consumers did voice a slightly more positive outlook for the economy, which was offset by a slightly less favorable outlook for their own personal finances...Although consumers have become somewhat more cautious spenders, they see no reason to engage in the type of retrenchment that causes recessions."

In Stock Sector news, most sectors closed out the week with gains. Those that trade slightly better today include Health Care +0.80%, Information Technology +0.59%, Materials +0.39%, Communication Services +0.37%, Industrials +0.16%, Consumer Discretionary +0.03%, Consumer Staples +0.02%, and Financials +0.02%. Those that ended the day with losses include Energy -0.81%, Utilities -0.38%, and Real Estate -0.23%.

Finally, in Commodity and Currency news, oil prices have slightly increased at the end of the week. West Texas Intermediate climbed roughly 0.65%, making the price of a barrel oil around $57. Brent Crude also saw slight gains, with prices increasing almost 0.30% to price around $62. Gold has not been as lucky, with pricing still dropping. Currently, the metal's price per ounce has dropped almost 0.70%, leaving prices around $1,458.75. On the other hand, the U.S. dollar has been increasing despite the murky trade waters; the DXY index has soared almost 0.30%.