U.S. stock futures struggled for direction Friday, as major indexes headed for their worst weekly return so far this year after the Trump administration made good on a threat to raise import taxes on $200 billion in Chinese goods.
Reversing earlier losses, Dow Jones Industrial Average futures rose 17 points to 25,833, while S&P 500 futures dropped 0.4 point to 2,872. Nasdaq-100 rose 3.25 point to 7,599.
On Thursday, the Dow Jones Industrial Average fell 138.97 points, or 0.5%, to end at 25,828.36 after falling by as much as 450 points earlier. The S&P 500 index dropped 0.3% to 2,870.72 and the Nasdaq Composite Index lost 0.4%, to 7,910.59.
For the week as of Thursday, the Dow and S&P 500 are set for losses of around 2.6% and the Nasdaq is down 3.1%. Those losses would mark the worst weekly return since the market selloff in December.
Source : Marketwatch