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Wall Street to open lower as tech, bank stocks drop


By Yashaswini SwamynathanREUTERS - U.S. stocks were on track to open lower on Thursday as a drop in technology and bank stocks weighed, while investors fretted about the Federal Reserve's outlook on monetary policy amid weak economic data.Nasdaq futures took a big hit as a selloff in technology stocks threatened to resume on worries of stretched valuations. Heavyweights such as Apple, Microsoft and Alphabet, which were hit hard by the rout earlier in the week, were in the red in premarket trading on Thursday. "Stocks have been at all-time highs and valuations are somewhat priced to perfection ...

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First Published: Thu, June 15 2017. 18:25 IST