Dow to Climb as U.S.-China Trade Hopes Build



U.S. stock futures were higher on the final trading day of the week, as market participants closely monitor trade talks between the world's two largest economies.

Futures for the Dow Jones Industrial Average spiked 122 points, or 0.5%, at 25,955.

Futures for the S&P 500 picked up 11.25 points, or 0.4%, to 2,785.50

NASDAQ futures added 34.75 points, or 0.5%, to 7,069.25

Wayfair and Auto Nation are among the companies reporting earnings Friday.

Optimism has risen over the chances of both countries securing a deal to end their protracted trade war, but some experts say the most difficult part is yet to come as high level talks continue into Friday. President Donald Trump is scheduled to meet with Chinese Vice Premier Liu He later on Friday.

One of Trump's biggest contentions with Beijing is the claim that the country has stolen intellectual property and trade secrets from American companies. Both nations are a week away from a March 1 deadline to secure a trade deal, however speculation has risen there may be an extension to that target.

Overseas, in Japan, the Nikkei 225 dipped 0.2% Friday, while in Hong Kong, the Hang Seng climbed 0.7%.

Oil prices took on 81 cents to $57.77 U.S. a barrel.

Gold prices sank $3.10 to $1,324.70 U.S. an ounce.