India, July 17 -- The major U.S. index futures are currently pointing to a notably lower open on Friday, with stocks likely to extend the pullback seen in the previous session.
Technology stocks are likely to lead the way lower once again, as reflected by the 1.9 percent slump by the tech-heavy Nasdaq 100 futures.
A steep drop by shares of Netflix (NFLX) is likely to weigh on the tech sector, with the streaming giant plunging by 11.3 percent in pre-market trading.
Netflix is under pressure after reporting second quarter results roughly in line with estimates but providing disappointing third quarter guidance.
Concerns about valuations may also weigh on tech stocks ahead of earnings news from tech giants Alphabet (GOOGL), IBM Corp. (IBM)...