Wall Street's big three-day rally is running out of steam, and U.S. stocks are drifting in mixed trading Friday as they near the end of another roller-coaster week. The S&P 500 was 0.4% higher in afternoon trading,

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,