Russia and Ukraine on Friday agreed to a three-day ceasefire and a swap of 1,000 prisoners.
"At the instruction of Russian President Vladimir Putin, I confirm that U.S. President Donald Trump's initiative regarding the ceasefire and an exchange of prisoners of war between Russia and Ukraine is acceptable to the Russian side," Russian presidential aide Yuri Ushakov told reporters.
"We received Russia's agreement to conduct a prisoner exchange in the format of 1,000 for 1,000. A ceasefire regime must also be established on May 9, 10, and 11," Ukrainian President Volodymyr Zelensky said on X.
He added that he had instructed the Ukrainian team to promptly prepare everything necessary for the exchange.
Separately, Zelensky signed a decree that excluded the Red Square area in Moscow from the "plan for the use of Ukrainian weapons" during the Victory Day parade on May 9 "for humanitarian purposes," according to a document published on the presidential website.
Trump said earlier Friday on Truth Social that the truce between Russia and Ukraine "will include a suspension of all kinetic activity, and also a prison swap of 1,000 prisoners from each country."
On Thursday, the Russian Ministry of Defense said in a statement that all Russian military groupings in the conflict zone would completely halt combat operations during the Victory Day celebrations from midnight on May 8 to 10.
Russia, Ukraine agree to 3-day ceasefire, prisoner exchange
U.S. stocks ended higher on Friday, fueled by a better-than-expected jobs report and a major partnership in the semiconductor industry.
The Dow Jones Industrial Average rose 12.19 points, or 0.02 percent, to 49,609.16. The S&P 500 added 61.82 points, or 0.84 percent, to 7,398.93. The Nasdaq Composite Index increased by 440.88 points, or 1.71 percent, to 26,247.08.
Six of the 11 primary S&P 500 sectors ended in the green, with technology and consumer discretionary leading the gainers by rising 2.74 percent and 0.5 percent, respectively. Meanwhile, utilities and health led the laggards by dropping 0.91 percent and 0.86 percent, respectively.
The semiconductor industry provided a massive tailwind for the tech-heavy Nasdaq. Shares of chipmakers rallied Friday afternoon following a Wall Street Journal report that Apple and Intel reached a deal for Intel to provide chips for a portion of Apple's device lineup. On the news, Intel stock soared nearly 14 percent, while Apple shares rose over 2 percent.
Investor sentiment also received a lift from the April employment data. U.S. nonfarm payrolls rose by a seasonally adjusted 115,000 for the month. While this was a deceleration from the unusually strong 185,000 jobs created in March, it comfortably beat the Dow Jones consensus estimate of 55,000, suggesting the labor market remains resilient despite broader economic headwinds.
The report shows the labor market has been "pretty much stable for a year, year and a half," Austan Goolsbee, president of the Federal Reserve Bank of Chicago, said in a CNBC interview. "I characterize that we've been stable without being good. The unemployment rate has been stable, the hiring rate's been stable, the layoff rate's been stable, the vacancy rate has been stable. So, I still think there's not a lot of evidence that the job market is falling apart."
Despite the broader market gains, several individual companies faced post-earnings pressure. Cloudflare plummeted 23.62 percent. In the travel and AI infrastructure sectors, Expedia Group pulled back 9.02 percent and CoreWeave lost 11.4 percent.
U.S. stocks finish higher after jobs report, chip deal
