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Technology stocks, including those of Apple <AAPL.O>, Microsoft
<MSFT.O> and Facebook <FB.O>, were slightly higher in premarket
trading as investors likely hunted for bargains.
The S&P 500 technology sector, which had surged 17.4 percent in
2017, is on track for its biggest weekly decline since June last
year.
Oil prices were also seeing a rebound, rising about 0.6 percent
on Friday after hitting their lowest this year amid oversupply
worries. [O/R]
Investors will keep a close watch on comments from Dallas
Federal Reserve President Robert Kaplan, who is the first Fed
member to speak after the central bank raised interest rates on
Wednesday. Kaplan is scheduled to speak in Dallas at 12:45 p.m.
ET (1645 GMT).
Economic data on tap includes the University of Michigan's
consumer sentiment survey report due at 10:00 a.m. ET.
Shares of Dow component Nike <NKE.N> were down about 1 percent
after JPMorgan downgraded the stock to "neutral" from
"overweight". Snapchat owner Snap Inc <SNAP.N> shares were up
about 1.8 percent, a day after they fell below their initial
public offering price.
(Reporting by Yashaswini Swamynathan in Bengaluru; additional
reporting by Sruthi Shankar; Editing by Anil D'Silva)
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