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Futures off: Dow 0.16%, S&P 500 0.19%, Nasdaq 0.33%

Nov 25 (Reuters) - U.S. stock index futures edged lower

on Tuesday, cooling from a tech-fueled rally on Wall Street in

the previous session, as investors awaited economic data and

earnings that could offer insight into the resilience of the

American consumer.

Bucking broader declines, Alphabet gained 3.1% in

premarket trading after a report said Facebook parent Meta

was in discussions to use Google's AI chips in its data

centers from 2027 and to rent chips from Google Cloud by next

year.

Nvidia ( NVDA ) and Advanced Micro Devices ( AMD ), which

currently dominate the AI chips sector, fell about 3% each,

while Broadcom ( AVGO ), which has a partnership with Alphabet,

gained 2.3%.

Shares of the Google parent have rallied 68% this year,

outperforming other megacaps and bringing it close to the prized

$4 trillion market capitalization. The latest tailwind was a

stake by Warren Buffett's Berkshire Hathaway and strong

early reviews of its new Gemini 3 model.

Nasdaq logged its biggest one-day gain in six months

on Monday as investors took notice of tech stocks which had been

the center of a month-long rout on Wall Street on worries the

sector was overvalued.

The recent turnaround in sentiment was driven by increasing

bets the Federal Reserve will lower borrowing costs when it

meets in December following dovish remarks by influential voting

members on the Federal Open Market Committee such as John

Williams and Christopher Waller.

A report also said San Francisco Fed President Mary Daly

also backed lowering interest rates next month.

Markets are pricing in a 80% likelihood the Fed will lower

borrowing costs by 25 basis points next month, up from around

40% last week, according to the CME Group's FedWatch Tool.

At 05:24 a.m. ET, Dow E-minis were down 73 points,

or 0.16%, S&P 500 E-minis were down 12.75 points,

or 0.19%, and Nasdaq 100 E-minis were down 83.5 points,

or 0.33%.

CONSUMER RESILIENCE IN SPOTLIGHT

Investors will assess September retail sales data and the

Conference Board's November consumer confidence report due later

in the day, which could offer clues into the health of the

American consumer at a time when tariff-induced price pressures

and layoffs have grabbed headlines.

A delayed producer prices inflation report for September is

due at 8:30 a.m. ET, with the focus on components that feed into

the Fed's preferred inflation gauge - the Personal Consumption

Expenditures Index.

Earnings from consumer-oriented companies including Dick's

Sporting Goods, Best Buy, Abercrombie

and Kohl's are also on tap before the markets open.

For retailers, the holiday shopping season this month

between the Thanksgiving holiday on Thursday through Cyber

Monday next week will be crucial for sales.

Among others, Coherent fell 2.9% after a report

said Bain Capital is seeking $1.14 billion in the optical

devices maker in a block trade.

Communications company Zoom gained 3.7% after raising

its annual earnings forecast.

Investors also monitored developments around a Ukraine peace

deal and signs of improving Sino-U.S. trade relations.