U.S. stock futures shed their early morning gains, falling into the red before the opening bell on Wall Street. Stocks are coming off a three-day relief rally fueled by investor hopes President Trump would ease tariffs on China and keep Jerome Powell in his post as chairman of the Federal Reserve.

Stock index futures slipped on Friday, as U.S.-China trade and President Donald Trump's tariff policies remained in focus. S&P 500 futures (SPX) -0.2%, Nasdaq 100 futures (US100:IND) -0.3%, and Dow futures (INDU) -0.

U.S. stock index futures edged lower on Thursday as investors assessed the latest changes in the Trump administration's erratic trade policy and a bevy of mixed corporate results. Wall Street jumped for a second consecutive session on Wednesday on signs the White House was open to reducing sweeping tariffs on China,