Skechers U.S.A., the shoe and apparel company, pulled its financial forecasts for the year due to "macroeconomic uncertainty stemming from global trade policies" even though it just reported a record quarter of revenue at $2.41 billion. Its stock fell 4.3%.

Wall Street's main indexes were muted in choppy trading on Friday, as investors struggled with little clarity on the U.S.-China trade front despite signs of a possible softening in Beijing's stance. On a brighter note,

Asian stocks climbed on Friday, buoyed by a rally on Wall Street and the prospect of trade deals progressing between the United States and some of its economic partners.