India, May 9 -- The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the upward move seen over the two previous sessions.
Optimism about a potential U.S.-China trade deal may contribute to initial strength on Wall Street ahead of Treasury Secretary Scott Bessent's talks with Chinese officials in Switzerland this weekend.
A Bloomberg report citing people familiar said the U.S. is hoping to slash its China tariffs to below 60 percent from the current level of at least 145 percent during the weekend talks.
President Donald Trump suggested in a post on Truth Social that he supports lower tariffs on China but said a higher "80% Tariff on China seems right," partly offsetting the positive...