U.S. stock index futures edged higher today, with technology stocks looking to bounce back after a widespread sell-off in the earlier session on rising concerns about the future growth of high-flying companies. 

The technology sector, which had led the equity market to record highs, has lost more than 5 percent in the past three days after lackluster earnings from Netflix, Facebook and Twitter. The Nasdaq posted its third consecutive loss of more than 1 percent for the first time in three years on Monday. 

Shares of Facebook were marginally lower in premarket trading, while others in the so-called FAANG group were higher. Amazon.com, Netflix and Google parent Alphabet were up between 0.24 and 0.57 percent. 

Investors are now pinning their hopes on Apple, the last of the FAANGs to report results, which is due after the bell. The stock was up 0.4 percent. 

The jitters about the future of technology stocks comes as data continues to show the economy is growing at a healthy clip. 

The personal consumption expenditures (PCE) index, the Federal Reserve’s preferred measure of inflation, likely rose 2 percent in June from a year earlier, a Commerce Department report at 8:30 a.m. ET is expected to show. 

That would mean two straight months that inflation has hit the target rate of the Fed, which starts its two-day meeting later in the day. The central bank is expected to keep interest rates unchanged on Wednesday, but solid economic growth and rising inflation is likely to keep it on track for another two hikes this year.