By Shashwat Chauhan and Sukriti Gupta (Reuters) -European shares surged on Friday, capping off a week filled with earnings across the continent, as signs of a potential de-escalation of trade tensions between the U.

The S&P 500 Index ($SPX) (SPY) today is up +1.15%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +1.00%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.30%. June E-mini S&P futures (ESM25) are up +1.

In 100 days full of surprises for investors, the S&P 500 and Dow nearly recouped their April declines – even with a worse-than-expect GDP report.

It felt much longer, but the U.S. stock market needed just a few weeks to roar all the way back to where it was on President Donald Trump’s “Liberation Day.”