U.S. stocks rose again to close out their winning week. The S&P 500 climbed 0.7% Friday for a fifth straight gain and pulled within 3% of its record set in February.

Investors were in a laid-back mood at the end of what's been a stellar week for the stock market. The Cboe Volatility Index, a widely-followed fear gauge that trades under the ticker VIX, fell 0.6% to 17.

Stocks drifted to a mixed close on Wall Street, holding on to most of the gains they made earlier in the week after the U.S. and China declared a temporary ceasefire in their trade war.