Dow Set to Fall Hard at Open as Growth Concerns Linger

U.S. stock index futures fell Friday amid jitters sparked by the Federal Reserve's cautious outlook for the world's largest economy.

Futures for the Dow Jones Industrial Average jettisoned 162 points, or 0.6%, at 25,849

Futures for the S&P 500 gave back 15.75 points, or 0.6%, at 2,846.75

NASDAQ futures slid 36 points, or 0.5%, to 7,498.50

Nike shares also pressured stock futures. The athletic apparel company's stock dropped 4.2% on the back of weak quarterly sales growth in North America.

Meanwhile, Tiffany is expected to publish its latest quarterly results shortly before the opening bell.

On the data front, manufacturing and services Purchasing Managers Index data for March is due at around 9:45 a.m. ET. Wholesale trade figures for January and existing home sales for February will be released shortly afterwards, with the latest monthly federal budget data due at 2 p.m. ET.

Overseas, in Japan, the Nikkei 225 poked up 0.1%, while in Hong Kong, the Hang Seng Index also forged up 0.1%

Oil prices sank 76 cents to $59.22 U.S. a barrel.

Gold prices sprinted $4.40 to $1,311.70 U.S. an ounce.