President Donald Trump also reassured markets that he has no intention of firing Federal Reserve Chair Jerome Powell.

U.S. stocks closed higher on Thursday, rallying for a third straight day with a solid boost from technology shares as investors parsed a mixed bag of corporate earnings and watched for signs of progress in the U.

The market rallied yesterday after President Donald Trump clarified that he does not intend to fire Federal Reserve Chair Jerome Powell. He also made it clear that tariffs on China would come down and would not stay at 145%.

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%.

U.S. stocks rallied further as better-than-expected profits for U.S. companies piled up, though CEOs say they’re unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.

Asian markets are higher early Friday after Wall Street’s rally streaks for the 3rd day, driven by listed companies’ strong financial performance and hopes for the Fed to cut rates