Wall Street, dollar firm ahead of a big week for market risk

With Trump's negotiating deadline just a week away, the US and its trading partners are scrambling to reach trade agreements, with European negotiators

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Wall Street and the dollar firmed on Friday as investors girded themselves for the week ahead, which includes a Federal Reserve policy meeting, crucial corporate results and US President Donald Trump's August I deadline for negotiating trade deals.

"Some deals will be done and talks will continue, and Trump may push out the deadline further," said Tim Ghriskey, senior portfolio strategist at Ingalls & Snyder in New York. "Trump's process is to shock and then be reasonable in terms of tariffs." All three indexes were modestly green in early trading, and were on course for weekly gains.

Gold lost some shine, pressured by the dollar as healthy risk appetites lured investors away from the safe-haven metal. With Trump's negotiating deadline just a week away, the US and its trading partners are scrambling to reach trade agreements, with European negotiators heartened by the deal with Japan announced on Tuesday. Intel's shares INTC.O dropped 8.8% after the chipmaker forecast steeper-than-expected quarterly losses and said it had halted or scrapped new factory projects in the US and Europe.