The eighteenth full trading week of 2015 comes to a close with the Dow Jones, S&P 500 and NASDAQ composite all higher.

Most actively traded stocks include Bank of America (BAC) up 1.14%, Apple (AAPL) higher by 1.67%, Nokia (NOK) up 3.05%, and Vale (VALE) down 2.74%.

The S&P 500 and Dow were higher in the last five days of trading while the NASDAQ was slightly lower.

Crude oil futures are higher this week, trading at $59.35 per barrel on Friday afternoon.

And Gold futures are higher this week, trading at $1188.32 an ounce this afternoon.

In economic news, in the week ending May 2, the advance figure for seasonally adjusted initial claims was 265,000, an increase of 3,000 from the previous week's unrevised level of 262,000. The 4-week moving average was 279,500, a decrease of 4,250 from the previous week's unrevised average of 283,750. This is the lowest level for this average since May 6, 2000 when it was 279,250.

Total nonfarm payroll employment increased by 223,000 in April, and the unemployment rate was essentially unchanged at 5.4 percent, the U.S. Bureau of Labor Statistics reported. Job gains occurred in professional and business services, health care, and construction. Mining employment continued to decline.

In corporate dividend news, Phillips 66 (NYSE:PSX) has declared a quarterly dividend of 56 cents per share on Phillips 66 common stock, representing an increase of 12 percent from the prior quarter. The dividend is payable on June 1, 2015, to shareholders of record as of the close of business on May 18, 2015.

Royal Caribbean Cruises (NYSE:RCL) declared a quarterly dividend of $0.30 per common share payable on June 2, 2015, to shareholders of record at the close of business on May 19, 2015.

PepsiCo (NYSE:PEP) declared a quarterly dividend of $0.7025 per share of PepsiCo common stock, a 7.3 percent increase versus the comparable year-earlier period. The dividend is payable on June 30, 2015 to shareholders of record as of June 5, 2015.

Occidental Petroleum Corporation (NYSE:OXY) has authorized an increase of the company's dividend to an annual rate of $3.00 per share, from the previous annual rate of $2.88 per share.

Tyson Foods (NYSE:TSN) declared the quarterly dividend of $0.10 per share on Class A common stock and $0.09 per share on Class B common stock, payable on September 15, 2015, to shareholders of record at the close of business on September 1, 2015.

Yum! Brands (NYSE:YUM) declared a dividend of $0.41 per share of common stock. The quarterly dividend will be distributed August 7, 2015, to shareholders of record at the close of business on July 17, 2015.

And, Intercontinental Exchange (NYSE:ICE) announced a $0.75 per share dividend for the second quarter of 2015, representing a 15% increase to the company's past quarterly dividend, which was initiated in December 2013. The dividend will be payable on June 30, 2015 to shareholders of record as of June 16, 2015. The ex-dividend date is June 12, 2015.

This is the 'Weekly Market Wrap' for Friday May 8, 2015.

Please join us on Monday for the Week Ahead Market Report.