REUTERS: U.S. stock futures slipped on Thursday after streaming pioneer Netflix posted its first drop in U.S. subscribers since 2011, kicking off earnings for the so-called FANG group on a sour note.
Earnings from FANG group are crucial for investors as gains in their shares have led a rally in Wall Street's main indexes so far this year. The three main U.S. indexes are headed for their sharpest weekly drop in seven weeks after hopes of an interest rate cut from the Federal Reserve helped them recovered from a slump in May to hit record highs.
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