India, May 15 -- The major U.S. index futures are currently pointing to a sharply lower open on Friday, with stocks likely to give back ground after ending the previous session mostly higher.
Profit taking may contribute to initial weakness on Wall Street following recent strength in the markets, which lifted the Nasdaq and S&P 500 to record highs.
Technology stocks may lead the early pullback, as reflected by the 1.7 percent slump by the tech-heavy Nasdaq 100 futures.
Shares of Intel (INTC) are plummeting by more than 5 percent in pre-market trading, while shares of Micro (MU) are plunging by more than 4 percent and shares of Nvidia (NVDA) are tumbling by more than 3 percent.
A sharp increase in treasury yields is also likely to weigh ...