Despite signs of reprieve on the trade front, the rapid shifts in U.S. tariff policies have forced some companies to warn of business impacts or pull earnings forecasts amid worries of higher costs and a hit to economic growth.

Stocks looked set to rise again on Friday, as investors focused on signs that China and the U.S. could be set to open trade talks instead of a disappointing batch of Big Tech earnings. Futures tracking the Dow Jones Industrial Average rose 304 points,

U.S. stock futures shed their early morning gains, falling into the red before the opening bell on Wall Street. Stocks are coming off a three-day relief rally fueled by investor hopes President Trump would ease tariffs on China and keep Jerome Powell in his post as chairman of the Federal Reserve.