US stock futures traded flat after a mostly upbeat day on Wall Street, driven by fresh signs President Trump is aiming to strike a trade deal with China.

The recent optimism on Wall Street dissipated as companies continued to reassess their financial outlooks due to uncertainty over President Donald Trump’s on-again-off-again tariff policies.

U.S. stocks are rising further Thursday as better-than-expected profits for U.S. companies pile up, though CEOs say they're unsure whether it will last because of uncertainty created by President Donald Trump’s trade war.

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.

Stock futures were pointing to losses on Thursday, with investors still trying to make sense of the U.S.-China trade war after Treasury Secretary Scott Bessent signaled that Washington and Beijing were yet to start negotiations on tariffs.