Wall Street futures higher after steep selloff with eyes on Big Tech earnings

U.S. stock index futures rose on Thursday following the S&P 500's worst day in nearly five months as focus shifted to Big Tech earnings, but sentiment was fragile with five days to go before the Election Day.

Heavyweights Apple Inc , Amazon.com Inc and Alphabet Inc rose about 1per cent in premarket trading ahead of their results after the closing bell.Facebook Inc , which also reports later in the day, gained 3.2per cent, riding on Pinterest Inc's upbeat forecast for sales growth that highlighted a rebound in ad spending.

Investors will get their first look at third-quarter U.S. GDP data at 8:30 a.m. ET , which is likely to show a record pace of economic expansion fueled by US$3 trillion in federal pandemic relief after a historic slump in the second-quarter. The CBOE volatility index dipped after closing at its highest level in nearly five months on Wednesday as uncertainty about a U.S. election outcome next week kept investors on edge.

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