Overview
- Major indexes ended higher Friday, with the S&P 500, Dow and Nasdaq posting gains after a midweek selloff.
- President Trump called current China tariffs “not sustainable” and confirmed a meeting with Xi Jinping, while Treasury Secretary Bessent voiced optimism on talks.
- Regional lenders recovered as Truist and Fifth Third topped quarterly estimates, easing credit fears that had flared on fraud-related loan losses tied to distressed real estate funds.
- St. Louis Fed President Alberto Musalem signaled openness to another rate cut, even as volatility spiked to a near six‑month high earlier in the week.
- The government shutdown pushed the September CPI to Friday and corporate updates from Tesla, Netflix and Intel are set to test whether risk appetite persists, with gold and silver reversing from record highs.