By John Towfighi, CNN

New York (CNN) — Wall Street this week cautiously rallied, betting President Donald Trump might take a softer tone on his trade war. Investors on Friday got their wish as the president said the next round of US-China trade talks is set to take place on Monday.

The S&P 500 on Friday closed at its highest level since February.

Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will meet in London with representatives of China, Trump said on social media.

The Dow closed higher by 443 points, or 1.05%. The broader S&P 500 rose 1.03% and the tech-heavy Nasdaq Composite gained 1.2%. The three major indexes were largely unchanged after Trump’s post but glided into a strong close for the week.

The Dow, S&P 500 a

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