Stock benchmarks opened higher Friday morning, set to extend a weekly uptrend for equities, with President Donald Trump scheduled to meet China's top trade negotiator, Vice Premier Liu He, later in the session.
The Dow Jones Industrial Average gained 105 points, or 0.4%, at 25,954, the S&P 500 index climbed 0.3% to 2,782, while the Nasdaq Composite Index advanced 24 points, or 0.3%, to reach 7,484. The Dow and Nasdaq are on pace for a streak of nine consecutive weekly gains, while the S&P 500 is on track to book its fourth straight weekly rise.
Talks between Beijing and Washington are intended to avoid an increase in tariffs on some $200 billion in Chinese imports to 25% from 10%, set to occur on March 2, at 12:01 a.m. In corporate news, shares of Kraft Heinz Co were down more than 26% after the food company late Wednesday reported weaker-than-expected fourth-quarter results, slashed its dividend and revealed an accounting investigation that resulted in a subpoena from the Securities and Exchange Commission.