U.S. stocks were on track to open higher on Friday as signs of easing tensions between the United States and China aided sentiment, while a jump in crude prices looked set to boost energy shares.
"This market is ready to come right back up after it falls," said Dennis Dick, a trader at Bright Trading LLC.
Data showed U.S. producer prices rose solidly in August, indicating that high inflation was likely to persist for a while, with supply chains remaining tight as the COVID-19 pandemic drags on.Another set of data on Thursday showed weekly jobless claims fell to an almost 18-month low, soothing concerns over economic recovery but also stoking fears that the Federal Reserve could unwind stimulus faster.
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