Tech Stocks May Help Lead Early Rebound On Wall Street

U.S. stock index futures pointed to a higher open Thursday after a late-session selloff in the prior session. Technology stocks were seen leading any early rebound, with Nasdaq 100 futures up 1.6% after the Nasdaq fell to a three-month closing low on Wednesday. The Dow and S&P 500 also closed at their lowest levels in more than a month. Microsoft shares rose about 9.2% in pre-market trading following better-than-expected quarterly results tied to strength in Azure. By contrast, Meta Platforms shares fell roughly 9.7% pre-market after it issued disappointing revenue-growth guidance. The previous decline reflected surging Treasury yields despite the Federal Reserve holding the federal funds target range at 3.5% to 3.75%.