U.S. stock futures were solidly higher Friday as traders grew more optimistic over the possibility of a limited trade deal between China and the U.S.
Futures for the Dow Jones Industrials bulged 281 points, or 1.1%, early Friday at 26,765
Futures for the S&P 500 gained 31.25 points, or 1.1%, at 2,972.25
NASDAQ Composite climbed 91 points, or 1.2%, to 7,850.50
Big tech shares such as Facebook, Amazon, Apple, Netflix and Google-parent Alphabet all gained more than 1% in the premarket. Bank stocks also gained steam as Bank of America and J.P. Morgan Chase rose more than 1% each.
Chipmakers rose broadly. Micron Technology gained more than 2% before the bell while Skyworks Solutions advanced 1.9%.
President Donald Trump told reporters on Thursday that talks between the two countries were going “really well.” His comments came after he tweeted that he would meet with Chinese Vice Premier Liu He at the White House on Friday. The meeting is scheduled to take place at 2:45 p.m. ET.
On the data front, import prices for September will be released at around 8:30 a.m. ET, with consumer sentiment figures for October set to follow slightly later in the session.
Overseas, in Japan, the Nikkei 225 gained 1.2% Friday, while in Hong Kong, the Hang Seng jumped 2.3%.
Oil prices moved higher 79 cents to $54.34 U.S. a barrel.
Gold prices settled $15.50 to $1,485.40 U.S. an ounce.