Market sentiment seems to be attuned to trade relations between the U.S. and China. Chinese officials have been casting doubt over the possibility of a long-term trade deal with the U.S.
The U.S. and the EU have held meeting last week about their trade relationship, including about the Airbus and Boeing cases, CNBC reported.
On the earnings front, Friday will see AbbVie, Alibaba, Chevron and Exxon Mobil reporting their latest results.