India, Oct. 29 -- The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move to the downside after ending yesterday's choppy session modestly higher.
Weakness among technology stocks is likely to weigh on Wall Street, as reflected by the 1.3 percent slump by the tech-heavy Nasdaq 100 futures.
The downward momentum for the tech sector comes amid renewed concerns about AI spending following disappointing quarterly results from Google parent Alphabet (GOOGL).
Shares of Alphabet are plunging by 11.1 percent in pre-market trading after the company reported weaker-than-expected third quarter revenue as well as negative free cash flow.
Construction equipment maker Caterpillar (CAT) is also plumm...