US STOCKS-Wall St set for higher open as tech finds respite at end of torrid week

(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
* Tech-related stocks edge higher
* Uber falls after losing UK case on worker rights
* Futures up: Dow 0.26%, S&P 0.41%, Nasdaq 0.59%

(Adds comments, bullets, background; Updates prices throughout)
By Devik Jain and Shreyashi Sanyal
Feb 19 (Reuters) - U.S. stock indexes were set to open
higher on Friday, as technology-related stocks rose after being
sold off for most parts of the week, while investors awaited a
reading on monthly business activity data.
Shares in Apple Inc AAPL.O , Tesla Inc TSLA.O , Microsoft
Corp MSFT.O and Facebook Inc FB.O rose between 0.5% and
1.0%, after being subjected to selling pressure in the previous
few sessions.
"What we saw (this week) represents a market that is tired
and may not do very much. So we are headed for some sort of a
pullback, but I don't think we're there just yet," said Peter
Cardillo, chief market economist at Spartan Capital Securities
in New York.
"Investors are not really pulling out of the market, but
they are becoming more cautious. It already has factored in
another good positive earnings season."
Concerns over higher stock market valuations and a potential
snag in inoculation efforts have led to fears of a short-term
pullback in equities.
BofA expects a more than 10% pullback in stocks, which are
trading at more than 22 times 12-month forward earnings, the
most expensive since the dotcom bubble of the late 1990s.
The Dow Jones index .DJI was nearly flat for the week,
while the benchmark S&P 500 .SPX and the tech-heavy Nasdaq
.IXIC were tracking their first weekly declines this month.
Meanwhile, the IHS Markit's flash reading on manufacturing
and services PMIs, due at 0945 a.m ET (1445 GMT), is expected to
show factory activity drifted lower in February.
Strong earnings, progress in vaccination roll-outs and hopes
of a $1.9 trillion federal stimulus package helped U.S. stock
indexes hit record highs at the start of the week.
At 8:25 a.m. ET, Dow e-minis 1YMcv1 were up 83 points, or
0.26%, S&P 500 e-minis EScv1 were up 16 points, or 0.41%, and
Nasdaq 100 e-minis NQcv1 were up 80.25 points, or 0.59%.
Ride-hailing service Uber Technologies Inc UBER.N fell
1.8% after Britain's Supreme Court ruled on Friday that a group
of Uber drivers are entitled to worker rights such as minimum
wage. Applied Materials Inc AMAT.O rose 5.5% after it forecast
second-quarter revenue above market expectations, as demand for
its semiconductor manufacturing tools picked up during a global
shortage of semiconductors. Video-streaming device maker Roku Inc ROKU.O added 2%
after it reported quarterly revenue above market expectations,
thanks to an influx of cord-cutting subscribers dropping their
cable packages for streaming services.