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Futures down: Dow 0.16%, S&P 500 0.13%, Nasdaq 0.06%

Sept 12 (Reuters) - Wall Street futures were subdued on

Friday after the three main U.S. indexes hit record highs in the

previous session, packing up a week of economic data that did

not temper expectations of interest rate cuts from the Federal

Reserve.

Wall Street on Thursday was boosted by a rally in shares of

Tesla and Micron Technology ( MU ), while a monthly

inflation report kept the U.S. central bank on track to cut

rates next week.

Markets were already pricing in a 25 basis point easing in

monetary policy after a series of recent indicators had shown

that the labor market was worse than previously thought.

The bleak August nonfarm payrolls, however, brought up bets

on a bigger 50-bps cut, that currently stand at 7.5%, CME's

FedWatch tool showed.

Post the inflation data, pricing showed three quarter-point

cuts, one at every Fed meeting left this year.

A preliminary reading of the University of Michigan's

consumer sentiment survey is due on Friday.

At 5:27 a.m. ET, Dow E-minis were down 76 points, or

0.16%, S&P 500 E-minis were lower 8.5 points, or 0.13%

and Nasdaq 100 E-minis were down 14 points, or 0.06%.

The three main indexes are set to log gains for the second

week of September, largely helped by a revival in artificial

intelligence trade after cloud computing giant Oracle's

upbeat forecast on Tuesday.

It sparked a rally in AI-linked semiconductors and utilities

companies powering data centers earlier in the week, setting up

the S&P 500 information technology sector to

outperform peers this week.

The indexes are in the positive territory for September so

far - a month that is deemed bad for U.S. equities historically,

where the benchmark S&P 500 has shed 1.5% on average since 2000,

data compiled by LSEG showed.

Among stocks, Warner Bros Discovery ( WBD ) was 4% higher in

premarket trading, extending Wednesday's over 28% gains, as a

source said Paramount Skydance ( PSKY ) was preparing a bid for

the Hollywood studio.

Photoshop-maker Adobe gained 4.2% after raising its

annual profit and revenue forecasts.

Microsoft ( MSFT ) inched up 1.6% after it reached a

non-binding deal with OpenAI to allow it to restructure itself

into a for-profit company.