US stocks rose Friday and the S&P 500 notched its longest winning streak since 2004 as China signaled openness to trade talks and investors digested a better-than-expected jobs report.

Tariffs on China will remain at their current levels, according to Stephen Miran, a key architect of President Donald Trump’s trade policies. Miran’s comments come at a time when the administration is trying to calm nervous investors but offering mixed signals.