On Thursday, Trump and Chinese leader Xi Jinping spoke, after weeks of brewing trade tensions and a battle over critical minerals. They left key issues unresolved for future talks.

In early trading, U.S. data showed nonfarm payrolls increased by 139,000 jobs last month after rising by a downwardly revised 147,000 in April. Economists polled by Reuters had forecast payrolls advancing by 130,000 jobs.

The unemployment rate stood at 4.2%, in line with expectations.

Following the report, traders bet that Federal Reserve policymakers have little reason to rush on rate cuts. They are seen waiting until September to cut rates, with just one more cut in view by December, based on interest rate futures. Central bank policymakers meet later this month.