U.S. stocks continued to rally with all three major indices posting back-to-back weekly gains. Updates in tariff trade negotiations remained a central focus with President Trump and Chinese President Xi holding phone calls on multiple days. A solid earnings report from a key AI-bellwether chip company together with a better-than-expected May payrolls report also helped support investor sentiment. Notably, the S&P 500 closed Friday above 6,000 for the first time since February 21 and is just 2.34% below its February 19 record high at 6,144.