Stocks Pull Back After Record Highs As China Worries Persist
• U.S. stock futures falling Friday after S&P 500 and Nasdaq hit record highs Thursday
• Markets reacted positively to personal consumption expenditures price index reading in line with expectations
• Tech-heavy Nasdaq continues to outperform on prospect of eventual Fed interest rate cuts
• Chinese manufacturing sector remained in contraction for fifth straight month in February
• China expected to set moderate 2023 growth target of 4.5%-5% at policy meetings next week