Wall Street digested the latest signs President Trump's trade war could be entering a more conciliatory phase.

U.S. stocks drifted through a quiet Friday as Wall Street closed an unusually calm week. The S&P 500 slipped 0.1% to finish the week with a modest dip of 0.5%. It’s the first week in seven where the index at the heart of many 401(k) accounts moved by less than 1.

Shares are mixed in Asia as investors pin their hopes on weekend trade talks between China and the U.S. U.S. futures and oil prices logged modest gains