Wall Street wavered and crude prices jumped on Thursday as investors juggled new trade talks between U.S. President Donald Trump and Chinese President Xi Jinping against a spate of downbeat economic data ahead of Friday's crucial jobs report.

U.S. stocks regained their footing by midday after President Donald Trump said his phone call with Chinese President Xi Jinping was "very good." In a post on Truth Social, Trump said he had a “very good phone call” with Xi,

Stocks were higher Friday as President Donald Trump said the next round of US-China trade talks is set to take place on Monday. Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer will meet in London with representatives of China,