Investing.com - Wall Street was mixed on Friday as investors waited for any news on the U.S. and Canada negotiating a trade agreement by the end of the day.
The S&P 500 lost two points, or 0.08%, to 2,898.78 as of 9:37 AM ET (13:37 GMT), while the Dow decreased 49 points, or 0.19%, to 25,937.32 and the tech-heavy Nasdaq Composite rose 8 points, or 0.11% to 8,097.21.
Trade is expected to be light ahead of the Labor Day weekend, with markets closed on Monday.
Investors are watching trade negotiations between the U.S. and Canada ahead of a deadline at the end of the day. The U.S. reached a deal with Mexico on Monday and has given Canada until Friday to join in the new trade deal.
Meanwhile, U.S. President Donald Trump wants to move ahead with a plan to impose tariffs on $200 billion worth of Chinese goods when the public comment period ends next week. China warned on Friday that putting pressure on Beijing won’t work.
Coca-Cola (NYSE:KO) was up 0.17% amid news that it was buying coffee chain Costa, while Amazon (NASDAQ:AMZN) rose 0.50%, with it still approaching a record $1 trillion in market valuation. Apple (NASDAQ:AAPL) rose 1.01%, while medical marijuana company Canopy Growth (NYSE:CGC) surged 0.72%.
Elsewhere, Facebook (NASDAQ:FB) fell 0.52%, while luxury car maker Tesla (NASDAQ:TSLA) slumped 1.20% reports that BlackRock voted to replace chief executive Elon Musk as chairman.
In Europe stocks were down. Germany’s DAX fell 106 points, or 0.85%, while in France the CAC 40 decreased 69 points, or 1.27% and in London the FTSE 100 was down 39 points to 0.52%. Meanwhile the pan-European Euro Stoxx 50 dipped 35 points to 1.02% while Spain’s IBEX 35 slumped 59 points, or 0.62%.
In commodities, gold futures rose 0.22% to $1,207.60 a troy ounce, while crude oil futures decreased 0.28% to $70.05 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rose 0.24% to 94.87.