The Trump administration raised tariffs on $200 billion worth of Chinese imports from 10% to 25% at 12:01 a.m. ET Friday.
Investors have been preoccupied with the trade fight all week, though the immediate market reaction was mixed.
All eyes will be on Washington as day two of trade talks with Beijing unfolds, and investors try to determine the path forward.
2. Uber IPO: Trade could take some attention off Uber’s Wall Street debut, billed as the year’s most-hyped IPO.
The company will start trading on the New York Stock Exchange Friday with the ticker UBER.
The company priced its initial public offering at $45 a share on Thursday. That’s at the low end of its original proposed price range of between $44 and $50 a share.
Still, the company will raise $8.1 billion and will rank among the largest US public offerings ever.
US consumer inflation data for April will post at 8:30 a.m. ET.
Friday — US consumer price inflation; UK GDP; Marriott ( earnings )