US stock futures were pointing lower earlier this morning due to disappointing economic data and trade worries. They later rebounded slightly.
The latest round of trade talks between high-level US and Chinese delegations has wrapped up in Beijing. It wasn't immediately clear how much progress was made during this week's discussions, but US Treasury Secretary Steven Mnuchin described them as "productive."
Negotiators from the two countries have been trying to strike a deal before March 2, when the US government is due to raise tariffs on $200 billion of Chinese goods. President Trump has indicated he might be willing to extend that deadline if a deal is close.
Investors are also worried about data released Thursday that showed a surprise drop in US retail sales for December.
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