(For a Reuters live blog on U.S., UK and European stock

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US PCE data due at 8:30 am ET

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Dell plunges after lower current-quarter profit forecasts

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Salesforce ( CRM ) slips in premarket trading

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Trump Media & Technology Group ( DJT ) falls after Trump

conviction

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Futures down: Dow 0.09%, S&P 0.23%, Nasdaq 0.42%

(Updated at 7:11 am ET/1111 GMT)

By Johann M Cherian and Lisa Pauline Mattackal

May 31 (Reuters) - U.S. stock index futures slipped on

Friday, ahead of a closely watched inflation report that will

likely provide markets with some direction about the scale and

pace of interest-rate reductions by the Federal Reserve this

year.

Wall Street pulled back this week after a recent rally, with

the benchmark S&P 500 index and the tech-heavy Nasdaq

on track for their first weekly losses in six. A spike

in Treasury yields pressured riskier assets, following a weak

debt auction and protracted worries of sticky inflation.

A nearly 20% plunge in Salesforce ( CRM ) shares on

Thursday weighed on the tech sector, dragging the Dow to a

nearly one-month low and the S&P 500 to its lowest in two weeks.

Salesforce ( CRM ) slipped 0.3% in premarket trading, while

technology stocks including Microsoft ( MSFT ), Apple ( AAPL )

and Alphabet fell after the tech sector

notched its worst day in over a month in the previous session.

Policymakers have also showed no urgency to ease

borrowing costs, while continuing to stress that inflation would

fall this year, even as the labor market stays strong.

However, Thursday's revision in first-quarter economic

growth on softer consumption assuaged some fears, as bond yields

slipped and expectations for a September rate cut inched up to

above 50%. The odds had stayed below those levels for the entire

week, according to the CME FedWatch tool.

All eyes will now be on April's core Personal Consumption

Expenditure data, the central bank's preferred inflation gauge,

due at 8:30 a.m. ET. The index is expected to be unchanged from

the previous month at 2.8%, on an annual basis.

"Where the actual release lands will determine whether we

are entering a new chapter for the Fed disinflation story or

whether it remains trapped in the wreckage of sticky inflation,"

Chris Turner, global head of markets at ING said in a note.

Comments from Atlanta President Raphael Bostic, a Federal

Open Market Committee voting member, are also expected later in

the day.

At 7:11 a.m. ET, Dow e-minis were down 36 points,

or 0.09%, S&P 500 e-minis were down 12.25 points, or

0.23%, and Nasdaq 100 e-minis were down 78.25 points, or

0.42%.

Among big movers, Dell plunged 16% after it

forecast current-quarter profit below market estimates and

signaled that higher costs to build servers that meet heavy AI

workloads would dent its annual margins.

Zscaler ( ZS ) jumped 15.4% after the security solutions

provider forecast fourth-quarter results above estimates, while

Marvell Technology ( MRVL ) dropped 5.9% after the chipmaker

missed Street expectations for first-quarter revenue.

Gap surged 25.1% after the apparel maker raised its

annual sales forecast and its first-quarter results beat market

expectations, in fresh signs that its turnaround strategy to

bring in newer styles is starting to work.

Trump Media & Technology Group ( DJT ) dropped 4.4% after a

New York jury convicted former President Donald Trump of

falsifying documents to cover up a payment to silence a porn

star ahead of the 2016 election.