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

Wall Street drifted modestly lower before the opening bell as uncertainty over global trade seeps into the busiest week of earnings this quarter from major corporations, as well as a raft of economic indicators Futures for the S&P 500 dropped 0.

U.S. stocks drifted to a mixed finish as Wall Street and other financial markets wait for a highly anticipated meeting on Saturday between China and the United States on trade.