Stock futures shed overnight gains, signaling weaker opening to trade

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.

Shortly before the start of trade, Dow Jones Industrial Average futures were down 196 points, or 0.5%, while S&P 500 futures fell 17 points, or 0.3%. The tech-heavy Nasdaq Composite futures dropped 0.4%.