Stocks fell Friday as investors digested a drop in semiconductor shares alongside weak data out of China.

Crude prices surged Thursday, rebounding from a bruising prior session after reports an oil tanker was on fire in the Gulf of Oman, with fresh tensions in that region potentially posing a threat to global supplies.

U.S. stock index futures were slightly lower Wednesday morning, as the White House took a tough line on trade talks with China.

Stock futures indicated that the Dow Jones Industrial Average would open more than 100 points higher Monday in the wake of President Donald Trump’s decision to suspend planned tariffs against Mexico.

The National Employment Report indicates that private sector employment increased by only 27,000 jobs from April to May, according to the ADP Research Institute and Moody’s Analytics.

The United States Federal Reserve has sent a “very strong signal” that it’s ready to consider cutting interest rates, according to a former Fed governor.