Wall Street seen mixed, techs in focus after Cisco

FRANKFURT (Reuters) - Stock futures pointed to a mixed opening on Thursday ahead of a slew of earnings and with technology stocks in focus after Cisco Systems' grim outlook fuelled recession fears.

The indicative Dow Jones index <.DJII> was down 0.2 percent.

"Confidence is shot to ribbons and sentiment is on the whole negative," David Buik, a market commentator at Cantor Index in London, said in a note.

The news spurred an after-hours sell-off in other big techs, including Apple and Intel , and may lead to further declines in the sector today. Cisco fell almost 10 percent in Frankfurt, mirroring after-hours U.S. losses.

Investors will also keep a close eye on earnings updates from Moody's , Pepsico and International Paper Co among others. In addition, many retailers will be reporting same-store sales.

U.S. stock indexes fell on Wednesday for a third straight session after Federal Reserve officials cast doubt on the outlook for more interest rate cuts.

The Dow Jones industrial average <.DJI> fell 0.53 percent, the Standard & Poor's 500 Index <.SPX> dropped 0.76 percent and the Nasdaq Composite Index <.IXIC> declined 1.33 percent.

(Reporting by Eva Kuehnen; Editing by Louise Ireland)

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