After the severe pounding the tech space received in the past three sessions, it might be rebound time. However, any recovery will largely hinge on whether key inflation data confirms the continued downward trajectory in pricing pressure. The major index futures are notably higher early Friday. Tamer inflation data could reinforce hopes of a September rate hike and more for the rest of the year, proving supportive of the market rally, especially amid the small-cap space. Traders may also take cues from some quarterly reports as they nervously wait for next week’s earnings news flow from the likes of Apple, Inc. (NASDAQ:AAPL), Amazon, Inc. (NASDAQ:AMZN), Microsoft Corp. (NASDAQ:MSFT) and Meta Platforms, Inc. (NASDAQ:META) and the Federal Reserve’s rate-setting meeting. Futures Performance (+/-) Nasdaq 100 +0.98% S&P 500 +0.74% Dow +0.58% R2K +1.62% In premarket trading on Friday, the SPDR S&P 500 ETF Trust (NYSE:SPY) moved down 0.75% to $542.43, while the Invesco QQQ ETF (NASDAQ:QQQ) gained 1.00% to $462.87, according to Benzinga Pro data. Cues From Last Session: U.S. stocks closed Thursday’s session on a mixed note, as early optimism generated by strong GDP data did not sustain throughout the session. Negative tech news weighed down on the Nasdaq Composite and the S&P 500 indices, sending them notably lower for a third straight day. The former pulled back toward its lowest close since June 7, and the latter slumped to the lowest since June 11. The 30-stock Dow Jones Industrials Average ignored a negative start and traded mostly above the unchanged line, with International Business Machine Co.’s (NYSE:IBM) 4%+ gain lending support. Second-quarter GDP rose at an annualized quarter-over-quarter pace of 2.8%, faster than the 1.4% growth in the first quarter and the ...