President Donald Trump also reassured markets that he has no intention of firing Federal Reserve Chair Jerome Powell.

U.S. stocks closed higher on Thursday, rallying for a third straight day with a solid boost from technology shares as investors parsed a mixed bag of corporate earnings and watched for signs of progress in the U.

The market rallied yesterday after President Donald Trump clarified that he does not intend to fire Federal Reserve Chair Jerome Powell. He also made it clear that tariffs on China would come down and would not stay at 145%.

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.