US stocks rose on Friday, notching weekly wins across the major averages after an easing in US-China trade tensions. Investors also eyed President Trump's sweeping tax and spending bill, which failed to clear a key hurdle Friday,

Stocks have rallied this week after the U.S. and China agreed on a 90-day pause for most of their punishingly high tariffs

The Standard and Poor’s 500 rose 0.4%, enough to extend its winning streak to a fourth day and to pull within 3.7% of its all-time high set earlier this year. The Dow Jones Industrial Average added 271 points, or 0.6%, and the Nasdaq composite slipped 0.2%.