The future of the United States is a business of commerce; Wells Fargo is waiting after a breakdown by Investing.com

Investing.com – US futures were down on Friday after US President Donald Trump said he was not planning to meet Chinese President Xi Jinping before the March 1 deadline for signing of a commercial agreement.

Trump said he would not meet Xi, which dampens the hopes of a trade deal and increases the chances of increasing tariffs between the world's two largest economies.

The 10-point drop or 0.38% at 6:40 am ET (11:40 GMT), while loses 90 points or 0.36% and tech-heavy fell 36 points or 0.53%.

Meanwhile, Wells Fargo (NYSE 🙂 lost 0.15% of its pre-market sales after a fire-related outage, preventing customers from accessing their accounts online and through their mobile app.

Mattel (NASDAQ 🙂 was among the top winners on Friday morning, registering a 14% gain after the toy maker announced strong sales of Barbie during the key holiday quarter. Skechers USA (NYSE 🙂 gained 18% after its fourth quarter earnings were better than expected.

By the way, the Micron semiconductor company (NASDAQ 🙂 fell 2.4%, while Tesla (NASDAQ 🙂 plunged 0.9% after the announcement that its autopilot for model 3 it was not approved for European markets.

Results season begins to end with results from CVS (NYSE :), Arconic Inc (NYSE :), Hasbro (NASDAQ 🙂 and others expected.

In commodities, it rose 0.08% to $ 1,315.25 per troy ounce, but slid 0.5% to $ 52.37 per barrel. The, which measures the greenback against a basket of six major currencies, rose 0.09% to 96.375, not far from the two-week high of 96.477 recorded earlier in the session.