Stocks rose slightly on Friday for the first time in four days after President Donald Trump said China and the U.S. were nearing a trade deal.
The Dow Jones Industrials recovered 81.1 points to 27,847.39.
The S&P 500 regained 7.65 points to 3,111.19. The Dow and S&P 500 were both riding three-day losing streaks coming into the session.
The NASDAQ recouped 20.1 points to 8,526.32.
J M Smucker, Foot Locker and Hibbett Sports are among firms releasing earnings today.
Trump told Fox News both sides were “very close” to reaching a trade agreement, nothing: “We have a very good chance to make the deal.”
His comments came after Chinese President Xi Jinping said Friday that Beijing wants to work for a trade deal with the U.S. but is not afraid to “fight back.” Xi also told a visiting U.S. business delegation that China holds a ‘positive attitude' toward the trade talks.
On the data front, manufacturing Purchasing Managers' Index (PMI) and service-sector PMI figures for November rolled in this morning.
Consumer sentiment for November and the latest Kansas City Fed Survey were to follow slightly later in the session.
Prices for the 10-Year U.S. Treasury gained slightly, lowering yields to 1.76% from Thursday's 1.77%. Treasury prices and yields move in opposite directions.
Oil prices removed 11 cents to $58.47 U.S. a barrel.
Gold prices added $5.40 to $1,469.00 U.S. an ounce.