Friday’s S&P 500 index futures session capped a volatile week with a late rally, driven by softer-than-expected US-China tariff news, flipping last week’s pattern of ending with selling.

Overnight, regional banking concerns helped bears push to a new weekly low of 6571.25 by the early morning. Dip-buyers emerged, and a Trump statement suggesting lower or shorter US tariffs on China sparked a bullish resurgence. Resistance hit around unchanged, but the regular session opened only slightly red. Choppy trading persisted around Thursday’s close for much of the day, with bulls maintaining a lead in the final two hours. 

The rally peaked at 6718 in the last hour before minor profit-taking trimmed gains. The session closed near the day’s high at 6702.50, up 33.75 handles, contributing to a weekly gain of 107.25 handles or 1.63%.

Next week brings some fedspeak, CPI data if the government shutdown ends, and a wave of earnings, including Tesla, Inc.’s (NASDAQ: TSLA) after Wednesday’s close.

Among top index components, Tesla Inc (NASDAQ: TSLA) led as the biggest gainer, rising $10.56 or 2.46% to close at $439.31.

That outperformed the cash index’s 0.57% advance by a fortunate four times. 

Conversely, Broadcom Inc (NASDAQ: AVGO) was the biggest loser, falling $4.82 or 1.36% to close at $349.33.