Wall Street rebounded from sharp losses, with the S&P 500, Dow Jones, and Nasdaq all rising 0.5% each. The week saw jarring swings due to concerns about small and midsized banks and US-China trade tensions.

President Trump’s comments eased tensions, stating high tariffs on Chinese imports are unsustainable. Bank stocks stabilized after stronger-than-expected profits from Truist Financial, Fifth Third Bancorp, and Huntington Bancshares.

Zions Bancorp and Western Alliance Bancorp rose after losses from Thursday. Scrutiny on bank loans heightened after First Brands Group’s bankruptcy. Jefferies Financial Group rose 5.9% despite potential losses.

Uncertainty looms as banks face loan quality concerns. JPMorgan CEO Jamie Dimon warned of potential issues, but experts believe banks have enough capital. The S&P 500, Dow Jones, and Nasdaq all ended the week higher.

Treasury yields steadied, and gold prices fell slightly. Global markets reacted to Wall Street’s weakness, with Germany’s DAX and Hong Kong’s Hang Seng experiencing significant drops.

Read more at Yahoo Finance: Wall Street rises to finish its best week in 2 months after bank stocks stabilize