U.S. stock index futures barely budged on Thursday, as results from Taiwan's TSMC failed to shake investors from their cautious mood following a rollercoaster session marked by concerns about the Federal Reserve's independence.

Wall Street appears calm after President Donald Trump walked back his earlier threats to fire Federal Reserve Chair Jerome Powell.

Stock futures are slightly higher Friday morning as the market looks to close out the first week of earnings-reporting season on a high note.

With the deadline for tariffs now moved to August 1, investors are pinning their hopes on negotiations to stave off an all-out trade war. "Market volatility is likely to pick up, but the latest development does not constitute an escalation in the trade war," UBS analysts said.

U.S. stock index futures edged higher Thursday evening after the SP 500 and Nasdaq closed at record highs, driven by upbeat tech earnings and strong retail sales, signaling continued economic resilience.

The moves come after Wall Street saw a winning session, with the S&P 500 posting fresh intraday and closing records.

A healthy crop of earnings helped European stocks bust out of a four-day losing streak on Thursday, Wall Street was watching Netflix and the dollar bounced after U.S. President Donald Trump quashed talk he was about to fire Fed head Jerome Powell.