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Airbnb ( ABNB ), Pinterest ( PINS ) fall after results

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Indexes set for sharp weekly gains

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China ADRs slip after stimulus measures

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Futures down: Dow 0.04%, S&P 500 0.17%, Nasdaq 0.39%

(Updated at 6:14 a.m. ET/1114 GMT)

By Lisa Pauline Mattackal

Nov 8 (Reuters) - U.S. stock index futures edged lower

on Friday, taking a breather after a sharp rally powered by a

sweeping Trump win and an expected interest-rate cut took the

S&P 500 futures above the 6,000 mark for the first time.

It surpassed the psychologically important milestone

on Thursday on expectations of an easier regulatory regime under

President-elect Donald Trump, with lower borrowing costs

boosting the sentiment.

The Fed cut the benchmark rate by 25 basis points as Chair

Jerome Powell said the election outcome would not have a

"near-term" impact on monetary policy.

"Strong earnings and economic growth, coupled with the

forceful 'Fed put', (are) set to continue to propel the market

higher over the medium term," said Michael Brown, senior

research strategist at Pepperstone.

"Cleaner positioning after participants hedged their books

pre-election, and expectations of Trump's anticipated tax cuts

and fiscal stimulus, is helping to further juice the upside in

risk."

However, Trump's fiscally expansive spending plans and

proposed tariff hikes could push up inflation, complicating the

Fed's policy path.

The Fed chief said the central bank would begin estimating

the impact on its twin goals of stable inflation and maximum

employment when the new administration's proposals take shape.

Traders have already trimmed expectations for rate cuts next

year, and bond yields have jumped to multi-month highs.

Still, the immediate impact on Wall Street has been fairly

muted as all three major indexes closed around record highs on

Thursday.

The Dow and S&P 500 are set for their best

week in nearly a year, while the Nasdaq is on track for

its best in two months.

Dow E-minis were down 17 points, or 0.04%, S&P 500

E-minis were down 10.5 points, or 0.17% and Nasdaq 100

E-minis were down 83.75 points, or 0.39%.

Shares of chipmaker Nvidia ( NVDA ) eased 1% in premarket

trading, after the AI pioneer became the first in history to

surpass a $3.6 trillion in market value on Thursday.

Airbnb ( ABNB ) dropped 5.3% after missing third-quarter

profit estimates, while Pinterest ( PINS ) slumped 12.2% after a

disappointing revenue forecast.

U.S.-listings of Chinese companies lost ground after

investors were left unimpressed by the government's latest

fiscal support measures. JD.com dropped 4.2% and Alibaba

fell 3.8%.

Investors were also keeping an eye on a likely "Red Sweep"

as Republicans were set to keep their narrow lead in the House

of Representatives after winning control of the Senate. That

would make it easier for Trump to enact his legislative plans.

The University of Michigan's preliminary consumer sentiment

survey data for November is due later in the day, while Federal

Reserve Board Governor Michelle Bowman is expected to speak.