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

markets, click or type LIVE/ in a news window.)

*

Futures down: Dow 0.26%, S&P 500 0.27%, Nasdaq 0.36%

*

Tesla shareholders approve $1 trillion CEO pay package

*

Expedia ( EXPE ) jumps after annual revenue growth forecast hike

(Updates with quote, prices)

By Twesha Dikshit and Purvi Agarwal

Nov 7 (Reuters) - U.S. stock futures inched lower on

Friday, putting the main indexes on course for sharp weekly

declines, as concerns about the economy and sky-high valuations

in the technology sector soured sentiment.

The three main U.S. indexes ended sharply lower on Tuesday,

with the tech-heavy Nasdaq falling almost 2% after Wall

Street executives earlier this week warned a market correction

could be on the way.

The S&P 500 and the Dow are both set for their steepest

weekly loss in four, while the Nasdaq is poised for its worst

weekly performance since March.

"We're in this period of pretty entrenched volatility,

certainly off the back of banking bosses warning... amid all of

this uncertainty, you are going to see sharp turns in the

market," said Susannah Streeter, money and markets expert at

Consultable Insights.

Optimism around artificial intelligence has pushed markets

to all-time highs this year, but concerns over monetization of

the technology and circular spending within the industry has

dampened enthusiasm for U.S. stocks in recent days.

At 07:30 a.m. ET, Dow E-minis were down 120 points,

or 0.26%, S&P 500 E-minis were down 19 points, or 0.27%,

and Nasdaq 100 E-minis were down 90.5 points, or 0.36%.

The CBOE Volatility Index, Wall Street's fear gauge,

hit its highest level in more than two weeks.

Tesla was flat in premarket trading after

shareholders approved the largest corporate pay package in

history for CEO Elon Musk. Intel ( INTC ) shares added 0.8%

after Musk said it could be 'worth having discussions' with the

company to make chips.

With third-quarter earnings season in its final stretch,

83%of 424 companies in the S&P 500 that have reported results so

far have beaten Wall Street expectations, according to

Thursday's LSEG data.

This is the highest rate of better-than-expected results

since the second quarter of 2021. Typically, 67% of companies

beat estimates in a quarter.

Sandisk ( SNDK ) shares added 4% after first-quarter

results. Shares of other data storage companies also rose.

Block missed third-quarter profit expectations amid

economic uncertainty and intensifying competition in the

payments sector, sending its shares down 15.1%.

ECONOMIC CONCERNS LINGER

The longest U.S. government shutdown in history has led to a

data hole with Federal Reserve officials and traders alike

having to depend on private sector indicators to gauge the

health of the economy.

On Thursday, data from private companies pointed to layoffs

in October, in contrast to Wednesday's ADP report that showed a

rebound in private jobs.

"Key data points that investors rely on to give them some

kind of sense of direction to the state of the US economy are

just not available... publication of the non-farm payrolls

reports are delayed for the second straight month," said

Streeter.

The Fed is flying blind before December's policy meeting

with officials divided on the best approach with inflation

worries lingering.

Among other moves, Expedia ( EXPE ) jumped 15% after the

online travel platform boosted its forecast for full-year

revenue growth and posted third-quarter profit above

expectations.

Take-Two Interactive delayed its popular video game

GTA VI to November 2026, sending shares falling 6.3%.