Stock futures traded near the flatline early Friday after the S&P 500 posted a four-day rally on the back of U.S. and China's temporary tariff cuts and encouraging inflation reports.

added 13 points, or 0.03%. slid 0.01%, while futures slipped 0.03%.

Stocks have made a strong comeback since U.S. and Chinese officials earlier this week agreed on a 90-day truce in their tariff measures, which eased investors' fears of escalating global trade tensions and rising risk to the economy.

The  rose for a fourth straight day on Thursday and closed the session 0.41% higher, while the added 0.65%. The tech-heavy declined 0.18%.

"Today was just a continuation of what we've seen over the past few days, this sigh of relief in response to the U.S. bringing down tariff rates on China," said Callie Cox, chief market strategist at Ritholtz Wealth Management. "There's still this big question about what tariffs could mean for the economy, and right now investors are looking for that center of gravity and assessing the economic damage. But at the moment, it seems like moves are driving markets in the absence of any signals coming out of economic data."

Thursday's action was aided by a soft inflation report, showing that wholesale prices declined 0.5% in April from the prior month. The result follows the release of April's earlier this week, which grew at a 12-month rate of 2.3%, its lowest since February 2021.

Much of the market's recent surge has been powered by a comeback in major technology names. and are each up about 15% this week, while Big Tech giants and have jumped 8% and 6%, respectively. This week, the S&P 500 is up 4.5%. The 30-stock Dow has added more than 2% and the Nasdaq Composite has climbed 6.6% week to date.

Even as the temporary agreement between the U.S. and China has lifted sentiment this week, some major U.S. companies are issuing warnings about rising costs and a murky macroeconomic outlook. Walmart said on Thursday that it will likely in late May due to tariffs.

"That concern didn't make its way into markets that was overshadowed by this tech-led sigh of relief from the tariff news that we got Monday, but there is an undercurrent of anxiety," Cox said of the Walmart warning. "We're getting these little signs of tariff impact that haven't really overwhelmed investors' attention yet, but could could be indicative of cracks forming underneath the surface."

On the economic front, traders will keep an eye out Friday for housing starts data and the University of Michigan's consumer sentiment survey.

Walmart’s former U.S. CEO thinks retailer can easily absorb tariff costs

Retail giant is poised to manage headwinds from tariffs, according to Bill Simon, the company's former U.S. CEO.

Simon spoke to C온라인카지노사이트's "Fast Money" about the company's move as soon as later this month due to tariffs.

"If you look down deep and dig into the details of their earnings release today, you know this quarter they grew their gross profit margin in the U.S. business 25 basis points. So they're expanding their margin. They also reported their general merchandise categories were flattish because they had mid-single digit price deflation," Simon said.

"That sort of gives them room in my view to manage any tariff impact that they would have," he added.

–Darla Mercado

Stock futures open little changed

U.S. equity futures opened little changed Thursday night.

added 40 points, or 0.09%. slipped 0.02%, while futures inched down 0.07%.

— Tanaya Macheel