U.S. stock futures point to lower opening after a day of market rebound led by financial stocks. 

Futures on the S&P 500 index decreased 1.1% to 3,928.50 and the Nasdaq Composite fell 1.7% to 11,832.50. 

Tech stocks drove market indexes lower again after the popular online chat platform operator Snap Inc warned that advertising revenues are running lower than expected in the current quarter. 

The company is also planning to slow down new hires. 

In pre-market trading,  Snap Inc declined 28% and dragged down other tech companies relying on advertising revenues. 

Google, Meta Platforms, and Netflix fell more than 3%.  

Zoom Video jumped 3% but traded as high as 13% in yesterday's after-market trading after the company released earnings.  

The online communication company said quarterly net plunged 50% but the company improved annual revenues outlook as enterprise clients adjust to hybrid work environments and employees return to office after a prolonged Covid-19 hiatus. 

 Abercrombie & Fitch plunged more than 30% after the retailer reported quarterly loss on higher cost of goods sold and inventory challenges. 

In Europe, market indexes traded lower after the ECB President Christine Lagarde raised the possibility of a rate hike at the next policy meeting in June. 

The DAX index declined 0.7% to 14,072.51, the CAC-40 index fell 0.8% to 6,306.68, and the FTSE 100 index decreased 0.03% to 7,511.79. 

In Asian markets, China focused indexes failed after the latest stimulus measures failed short of expectations by a wide margin. 

The Shanghai Composite index declined 2.4% to 3,070.93 and the Hang Seng Index fell 1.4% to 20,112.35. 

In Tokyo, the Nikkei 225 index declined 0.9% to 26,748.11 and the latest private survey showed manufacturing activities growth declined slightly in May from April.