US Stock Exchange futures pointed to a mixed open on Friday, as investors are waiting for the release of the carefully watched monthly nonfarm wage report.
Wall Street also digested net earnings from companies such as Amazon and Merck, and on Thursday, Amazon reported better than expected fourth-quarter earnings and revenue. But the company issued weaker than expected first-quarter revenue guidance and warne d on rising investments, which pushed Amazon shares down 4.3 percent, while Merck has achieved a better-than-expected profit sales and turnover, but the shares fell 0.6 per cent before the clock.
Exxon Mobil, Chevron and Merck will be out with quarterly earnings this morning along with Honeywell, Illinois Tool Works, Johnson Controls and KKR.
The money leaders also keep an eye on trade negotiations between China and the United States. Both negotiating groups have said they have made "important progress". President Donald Trump also said he would soon meet Chinese Prime Minister Xi Jinping to try to reach a comprehensive trade deal. Stocks had taken heart from the opportunity for top-selling negotiations in the coming weeks, but the positive mood was quickly cooled when the White House insisted that it sees March 1 as a tough deadline for a deal.
Earlier on Friday, a survey showed that Chinese factory activity fell to its lowest level since February 2016. The negative data exacerbated the fear of an economic downturn.
The moves Friday comes after Wall Street posted its biggest January win since 1987 in the previous session. Strong earnings and an indication from the Federal Reserve that it will pause interest rate increases increased investor confidence. S & P 500 ended January with more than 7 percent.
-CNBCs Sam Meredith contributed to this article.