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Stocks traded mainly higher on Friday after the release of better than expected employment data and renewed optimism on trade, but significant losses were recorded in Apple's cap gains.
Global investors worry about trade relations between the United States and China since 2018, with the Trump administration implementing tariffs on Chinese products. The Chinese government retaliated by imposing its own taxes on US products.
The reports come after Trump said Thursday that trade talks with China "are progressing well." Trump's comment pushed stocks higher on Thursday.
At company news, Apple dropped after the company's iPhone shipments for the last quarter were exceeded. The company also provided informed advice and announced major changes to its reporting structure. These were sufficient to hide profits and revenues higher than expected.
-CNBC & # 39; s
Spriha Srivastava
and
Sara Salinas
contributed to this report.
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