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Wall Street rallied this week on hopes of a less aggressive stance from President Trump on the trade war with China. Following a phone call between Trump and Xi Jinping, US and Chinese trade representatives are scheduled to meet Monday. The Dow closed up 443 points Friday, boosted by better-than-expected jobs data and a Tesla rebound. Despite some lingering uncertainty, investors are anticipating a resolution to trade tensions. Bond yields rose as expectations for Fed rate cuts decreased due to the strong jobs report. The market is now focused on the upcoming US-China trade talks.

Prepared by Christopher Adams and reviewed by editorial team.