Stock Market Today: Dow, Nasdaq, S&P 500 Futures Tumble As PCE Index Ticks Up In July—Dell, Marvell, Alibaba Earnings In

U.S. stock futures dropped on Friday following Thursday’s positive moves. Futures of major benchmark indices were trading lower. Investors are eyeing a fresh cue for the direction on interest rate cuts in September, just ahead of a truncated week due to Labor Day, falling on Monday, Sept. 1.