U.S. stock futures point to higher Wall Street opening despite China tariffs hike

U.S. stock futures all moved into positive territory Friday after initially being in the red following China’s announcement that it is raising tariffs on U.S. imports to 125% from 84%, escalating the trade war between the two countries. Beijing’s move takes effect Saturday.

As of 6:18 a.m. EDT, S&P 500 futures were up 0.60%, Dow Jones Industrial Average futures had climbed 0.48% and futures for the Nasdaq composite were 0.69% higher, Yahoo Finance reported.