US stock market today: S&P 500, Nasdaq futures slide up to 1% as global tech sell-off resumes

US stock futures pointed to a weak start on Friday with Nasdaq 100 futures sliding 1.1% and S&P 500 futures down 0.5%, as a global technology sell-off resumed despite strong Micron Technology results. The Nasdaq 100 is on track to end the week down around 3%, with Apple shares falling 6% and SoftBank plunging 13% on reports that OpenAI may delay its IPO until 2027. US PCE inflation rose 4.1% year-on-year in May, the first print above 4% since April 2023, with markets now pricing in an 80% probability of a Federal Reserve rate hike in December. Meanwhile, Brent crude fell below 73 dollars a barrel, heading for its biggest monthly drop since March 2020.