US STOCKS-Wall Street jumps but ends off highs after partial trade deal

U.S. stocks ended more than 1% higher on Friday though well off the day's highs after the announcement of a partial trade deal between the United States and China. President Donald Trump, speaking to reporters after talks with Chinese Vice Premier Liu He, said the United States and China had come to a substantial phase-1 trade deal, reaching agreement on intellectual property, financial services and big agricultural purchases. The market had risen in recent days due to optimism for an agreement and the S&P 500 was up as much as about 1.9% earlier in the session.