Futures dip on tech weakness, Treasury yields steady

Published by
Reuters

By Ambar Warrick (Reuters) – U.S. stock index futures fell on Friday, as steady Treasury yields after strong economic data this week pointed toward more movement out of heavyweight technology stocks. FAANG stocks, including Apple Inc and Alphabet Inc, some of the largest tech names on Wall Street, fell slightly in premarket trading. Yields on the benchmark 10-year notes held around levels touched yesterday, after an unexpectedly strong retail sales reading. Focus now turns to a meeting of the Federal Reserve next week, with investors debating if a swathe of strong economic data this week could…

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