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 futures point to a lower open, a day after stocks rallied on hopes of a thaw in the U.S.-China trade war and that Fed Chairman Jerome Powell will get to keep his job.