The major U.S. index futures point to a lower open on Wednesday, with tech stocks on track to see marked weakness, following Alphabet, Inc. (NASDAQ:GOOGL) (NASDAQ:GOOG), Microsoft Corporation (NASDAQ:MSFT) and the likes giving disappointing quarterly reports.
Tuesday, the market extended the upward momentum, encouraged by the earnings news flow, a pullback in bond yields and a few weak economic readings that were seen as strengthening the case for a letup in Fed’s aggressive stance toward interest rates.
