Despite signs of reprieve on the trade front, erratic changes in U.S. tariff policies have forced some companies to warn of business impacts or pull earnings forecasts amid worries of higher costs and a hit to economic growth.

Wall Street has clawed back losses incurred after President Donald Trump imposed global tariffs a month ago, capping the longest winning streak in two decades for US stocks. Shares saw gains for the ninth day in a row for the first time since 2004 after a better-than-expected jobs report and rising hope of US-China trade talks.

Stocks are opening higher on Wall Street following a stronger-than-expected report on the U.S. job market. The S&P 500 climbed 1% in early trading Friday, putting the index on track for a ninth straight day of gains.