US stocks rallied on Friday, ending a volatile week on a strong note as hopes for a US-China trade deal boosted sentiment. The S&P 500 rose 1.8%, the Nasdaq gained 2%, and the Dow jumped 618 points. Optimism grew after the White House said President Trump is “optimistic” about a deal, despite tariff hikes—145% on Chinese goods and 125% on US imports. On the data front, the University of Michigan’s survey showed consumer sentiment at its lowest since 2022, with inflation expectations at a peak not seen since 1981.