Wall Street points lower with tech companies that fueled early week rally now in retreat

Wall Street pointed toward losses before the opening bell as the same tech companies that drove a market rally to start the week sold off with doubts rising over the possibility of another rate cut from the U.S. Federal Reserve before the end of the year.

Futures for the S&P 500 slid 1% in premarket trading, while the futures for the Dow Jones industrials fell 0.6%. Nasdaq futures tumbled 1.4%.