Wall Street concluded the week with a strong performance as major indices recorded their best weekly gains in years. Traders displayed confidence in a resolution to the U.S.-China trade war, which saw triple-digit tariff increases on both sides. Despite concerns over stagflation from a University of Michigan consumer sentiment survey and worries about Treasury market stress, dip-buying activity surged on the final day of the week. The S&P 500 index, monitored by the SPDR S&P 500 ETF Trust (NYSE: SPY), closed at 5,363, marking a 1.8% daily increase and a 5.7% weekly gain, the highest since October 2023. The index bounced back by 11% from earlier lows in the week, remaining just four percentage points below its recent levels.