U.S. stock futures all moved into positive territory Friday after initially being in the red following China's announcement that it is raising tariffs on U.S. imports to 125% from 84%, the latest escalation in the trade war between the two countries.

Stock and bond markets suffered on Wednesday after President Donald Trump's sweeping tariffs came into effect and China retaliated.

Wall Street stock futures opened sharply lower on Sunday suggesting a rough start to the trading week as investors worried that a global trade war could push the U.S. economy into a recession after President Donald Trump's announcement last week of sweeping tariffs against U.