Senate Minority Leader Chuck Schumer, D-N.Y., said he wouldn’t block a Republican government funding bill, reducing the odds of a government shutdown Friday night. If the Senate passes the bill, it would then go to President Donald Trump for a signature. A shutdown occurs after 11:59 p.m. ET Friday if no law is enacted by then.

Stock futures were bouncing back early Friday after retreating enough on Thursday to push the S&P 500 into a correction. A correction is when the index falls 10% from its most recent peak and is seen as an important marker for traders.

U.S. stock index futures rose on Friday, signaling a pause from a week-long selloff triggered by fears of a growth slowdown due to the Trump administration's erratic trade policies, while gold stocks surged as the precious metal breached the $3,

Concerns are rife that U.S. President Donald Trump's unpredictable tariff threats could stall investment and tip the world's largest economy into a period of high inflation and slowing growth. U.S. tariffs on metal imports were met with immediate retaliation from Canada and the European Union and Trump has also hinted at reciprocal tariffs in early April.