U.S. stocks ended a three-week losing streak, with the benchmark index climbing to within 2 percent of a record as high-level talks in Washington yielded the outlines of a partial accord in the U.S.-China trade war.

After being roiled by trade headlines earlier in the week, the S&P 500 extended a three-day advance on Friday as President Trump met with Chinese Vice Premier Liu He at the White House. After the sit-down, Trump said the two sides had reached a “phase one” agreement to end the conflict. While there was no deal in writing, the president said one could be signed next month.

The S&P 500 ended the week with a 0.6 percent gain. The Dow Jones industrial average increased 0.9 percent to 26,816. The Nasdaq composite index rose 0.9 percent.

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Trump’s meeting with China’s lead negotiator came after both sides signaled progress in reaching at least a partial deal for a temporary truce on tariffs. Markets were jolted earlier in the week as China said it strongly opposed a U.S. move to blacklist some of its technology firms and Bloomberg News reported the White House was holding discussions about restricting capital flows to the Asian nation. Reports of a potential breakthrough on Brexit have also allayed some worries about global trade.

The U.S. Treasury will sell $45 billion of 13-week bills and $42 billion of 26-week bills on Tuesday.

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