The CNN Money Fear and Greed index showed that the overall market sentiment was positive, while the index remained in the “Greed” zone on Friday.

U.S. stocks settled higher on Thursday, with the Nasdaq Composite reaching a record closing high of 26,917.47.

In earnings, shares of Best Buy Co. Inc. (NYSE:BBY) surged almost 16% on Thursday after the electronics retailer posted upbeat first-quarter results and issued strong guidance. MongoDB Inc.'s (NASDAQ:MDB) stock also rallied on higher-than-expected quarterly earnings.

On the economic data front, the U.S. core PCE price index, the Federal Reserve’s preferred gauge of underlying inflation, rose by 0.2% month-on-month in April, below market estimates of 0.3%. New orders for US-manufactured durable goods ...