New Delhi, July 10 -- After a sharp rally in the previous session, US stock futures edged lower on Friday, 10 July, though they remained on track to post weekly gains.

Easing tensions in the Middle East following the recent flare-up in hostilities and a retreat in crude oil prices are expected to support investor sentiment. Market participants are also awaiting the debut of SK Hynix's American depositary receipts (ADRs).

Futures tied to the S&P 500 slipped 0.1% after a rally in chipmakers lifted the benchmark index to its highest level since mid-June. Nasdaq 100 futures and Dow Jones Industrial Average futures declined 0.38% and 0.21%, respectively.

On Thursday, Wall Street's benchmark S&P 500 rose 0.8%, while the Dow Jones Industrial ...