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Stocks in the US climbed on Friday as investors reacted positively to President Trump’s remarks easing fears of further trade escalation with China, while regional bank stocks rebounded following Thursday’s steep losses. The S&P 500 and the Nasdaq each gained 0.5%, while Dow Jones rose 239 points. Trump said his proposed 100% tariffs on Chinese goods would not be sustainable, though he blamed Beijing for recent trade tensions, and confirmed that his meeting with Chinese President Xi Jinping was still likely by month-end. Consumer staples, energy, and financials led the gains, while materials and utilities lagged. Regional banks, including Zions Bancorporation (+5.8%), Western Alliance (+3.1%), Truist Financial (+3.9%), and Fifth Third Bancorp (+1.3%), recovered after reporting isolated credit issues and posting better-than-expected earnings, easing concerns about broader credit risks. On the week, the S&P 500 and Dow added 1.7% and the Nasdaq booked a 2.2% rise.