U.S. stock index futures were slightly lower Friday morning, erasing some gains following a four-day winning streak on Wall Street.
At around 4:20 a.m. ET, Dow futures dipped 37 points, indicating a negative open of 49 points. Futures on the S&P and Nasdaq were both slightly lower.
It comes after stocks climbed to all-time highs in the previous session, boosted by China’s decision to halve tariffs on a slew of U.S. products.
The world’s second-largest economy announced it would halve tariffs on $75 billion worth of U.S. imports on Thursday. It means U.S. goods with a tariff rate of 10% will soon fall to 5%, while products that have a tariff rate of 5% will be reduced to 2.5%.