Wall Street ticks up early, but not enough to recover another week of losses

Wall Street is having a small rebound before the opening bell Friday but remains on track for another dismal week of losses as investors try to anticipate what President Donald Trump's tariffs mean for markets and the broader economy.

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Futures for the S&P 500 inched up 0.2 per cent, while futures for the Dow Jones Industrial Average rose 0.4 per cent. The S&P 500 has lost 2.5 per cent this week on top of the previous week's 1.7 per cent drop.

The S&P 500 has fallen five out of the past six trading sessions after setting an all-time high last week. Concerns about the U.S. economic outlook have been behind much of the drop, including worries over how tariffs could worsen inflation and mass layoffs of government workers could increase unemployment.

The tech-heavy Nasdaq, which slumped 5 per cent this week, is up less than 0.1 per cent before the bell.