Major US equity indices struggled to build on recent gains and witnessed a lacklustre opening on Friday as investors assessed the first batch of corporate earnings reports.
Second-quarter earnings season, which kicked off with results from big-banks - JPMorgan, Wells Fargo and Citigroup, will be looked upon to see if fundamental are strong enough to withstand uncertainties arising out of trade policies.
With expectations already running high, corporate earnings will play an important role in driving focus away from political headlines and determining the next leg of a directional move for the markets.
Meanwhile, today's subdued action comes after Thursday strong session, which was partially driven by signs that the world's two largest economies are willing to resume trade talks and end in a bilateral agreement to avoid a trade war.
Nevertheless, as on Thursday’s close, tech-heavy Nasdaq Composite Index was on track for a 1.8% gains for the week, while the broader S&P 500 Index eyed a 1.4% rise and the blue-chip Dow Jones Industrial Average was set for a weekly advance of 1.9%.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.