US STOCKS-Nasdaq futures rise as tech selloff calms

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* FAANG group of stocks lead bounce among tech-related firms
* Oracle falls as Trump to block U.S. downloads of TikTok
* PG&E Corp slips as finance chief resigns
* Futures up: Dow 0.07%, S&P 500 0.17%, Nasdaq 0.54%

(Adds comments, updates prices throughout)
By Shreyashi Sanyal and Devik Jain
Sept 18 (Reuters) - Futures tracking the Nasdaq 100 index
rose on Friday as a two-day selloff in technology-related stocks
halted, while worries about rising coronavirus cases and a
patchy economic recovery weighed on S&P 500 and Dow futures.
Wall Street's three main indexes bounced earlier this week
as investors bet on a loose monetary policy by the Federal
Reserve, but gains petered out in the absence of firm details on
the central bank's stimulus plan.
The S&P 500 .SPX and the Nasdaq .IXIC have also come
under pressure from investors rotating out of high-flying
tech-related stocks and into industrial and transportation
firms.
But premarket gains on Friday were led by Apple Inc
AAPL.O , Alphabet Inc GOOGL.O , Amazon.com Inc AMZN.O ,
Microsoft Corp MSFT.O , Facebook FB.O and Tesla Inc TSLA.O ,
which have together dominated Wall Street's recovery from the
coronavirus-led slump in March.
"The market's in a vacuum right now," said Thomas Hayes,
managing member at Great Hill Capital LLC in New York.
"Anytime you have news or perception that things are going
to be delayed or (you have a) slow growth economy, those
(technology-related) stocks get bid. You'll get these technical
bounce days when coronavirus cases spike up and money will move
back into tech."
At 8:42 a.m. ET, Dow e-minis 1YMcv1 were up 19 points, or
0.07%. S&P 500 e-minis EScv1 were up 5.75 points, or 0.17% and
Nasdaq 100 e-minis NQcv1 were up 60 points, or 0.54%.
Tesla rose 5.0% as two analysts raised their price targets
on the electric carmaker's shares ahead of its highly
anticipated "Battery Day" event next week. Oracle Corp ORCL.N fell 0.4% after Reuters reported the
U.S. Commerce Department plans to issue an order on Friday that
will bar people in the United States from downloading
Chinese-owned messaging app WeChat and video-sharing app TikTok
starting on Sept. 20. Power provider PG&E Corp PCG.N shed 0.3% as Chief
Financial Officer Jason Wells resigned to join CenterPoint
Energy Inc CNP.N as its finance chief. Of the 11 major S&P indexes, industrials .SPLRCI ,
materials .SPLRCM and energy .SPNY have gained more than 2%
so far this week, while communication services .SPLRCL and
consumer discretionary .SPLRCD have posted the biggest
declines.
Volatility is likely to be higher on Friday related to a
quarterly expiration of U.S. stock options, stock index futures
and index option contracts, known as "quadruple witching".