(For a Reuters live blog on U.S., UK and European stock

markets, click or type LIVE/ in a news window.)

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Indexes up: Dow 0.12%, S&P 500 0.27%, Nasdaq up 0.51%

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Fed's Barr: tariffs to boost inflation, slow growth this

year

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Insulet ( PODD ) jumps after quarterly profit beats estimates

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Expedia ( EXPE ) falls after soft US travel demand leads to revenue

miss

(Updates to after markets open)

By Purvi Agarwal and Johann M Cherian

May 9 (Reuters) - Wall Street's main indexes rose on

Friday, marking their third straight day of gains, as investors

assessed fresh comments from President Donald Trump regarding

tariffs on China ahead of a key weekend meeting between the two

countries.

Futures had moved lower briefly earlier in the day after

Trump said Beijing should open its market to the United States

and that 80% tariffs on Chinese goods "seems right." The levies

are currently at 145%.

Representatives from the world's two biggest economies

are scheduled to meet in Switzerland over the weekend to discuss

tariffs, with investors hoping the talks will salve a bruising

trade war that has raised concerns over global economic growth

and left markets, companies and the U.S. Federal Reserve in

wait-and-watch mode.

"Anyone who thinks the deal is getting done at 80% is not

seeing things clearly. You're going to see that they'll come to

something more reasonable over time, but this was a step in the

right direction," said Thomas Hayes, chairman at Great Hill

Capital.

On Thursday, Wall Street's main indexes closed higher as

investors cheered a trade deal struck between Britain and the

U.S. - the first of its kind since Trump paused his initial

tariffs last month.

Reuters reported India had offered to slash its tariff gap

with the U.S. to less than 4% from nearly 13% now, in exchange

for an exemption from Trump's tariffs, according to sources.

"We're going to see multiple deals with major nations and

that's going to allow CEOs to get some more confidence that they

can start to plan and possibly invest all that has been on

hold," said Hayes.

At 09:45 a.m. ET, the Dow Jones Industrial Average

rose 50.37 points, or 0.12%, to 41,418.82, the S&P 500

gained 15.49 points, or 0.27%, to 5,679.43 and the Nasdaq

Composite gained 91.47 points, or 0.51%, to 18,019.61.

Energy, up 0.8%, led gains among the 11 S&P 500

sectors. Funds tracking consumer discretionary stocks

outperformed in the week ended Wednesday, while financials were

hit the most, according to data compiled by LSEG.

The S&P 500 and the Nasdaq are set for marginal declines

this week, but are hovering near levels seen in late March,

having recouped all the losses incurred in the aftermath of

Trump's "Liberation day" tariff announcement last month.

Days after the Federal Reserve left interest rates

unchanged, Governor Michael Barr said Trump's trade policies

will likely lift inflation, lower growth, and raise unemployment

later this year.

With the peak of the earnings season behind, about 76%

of S&P 500 companies have surpassed profit expectations. But

many have withdrawn their annual forecasts citing an uncertain

trade environment.

Expedia ( EXPE ) slipped 8.8% after the online travel

platform missed quarterly revenue estimates.

Trade Desk ( TTD ) shares jumped 23.2% after the ad firm

posted first-quarter revenue and profit above Wall Street

estimates. Insulin delivery device maker Insulet ( PODD ) jumped

18% after beating estimates for first-quarter profit on Thursday

Advancing issues outnumbered decliners by a 2.68-to-1 ratio

on the NYSE and by a 2.01-to-1 ratio on the Nasdaq.

The S&P 500 posted three new 52-week highs and one new

low while the Nasdaq Composite recorded 25 new highs and 39 new

lows.