Updated from 9:11 a.m. ET on Thursday, June 15

Stock futures pointed to steep declines for Wall Street on Thursday, June 15, as a sharp selloff in tech names resumed. 

S&P 500 futures were down 0.6%, Dow Jones Industrial Average futures fell 0.4%, and Nasdaq futures tumbled 1%. 

Tech stocks will likely take another hit on Thursday as the selloff that ravaged the sector earlier in the week picked up speed again. The FAANG stocks -- Facebook Inc. (FB) - Get Facebook, Inc. Class A Report , Apple Inc. (AAPL) - Get Apple Inc. (AAPL) Report , Amazon Inc. (AMZN) - Get Amazon.com, Inc. Report , Netflix Inc. (NFLX) - Get Netflix, Inc. (NFLX) Report  and Alphabet Inc. (GOOGL) - Get Alphabet Inc. Class A Report (formerly Google) -- were lower in premarket trading, adding to sharp losses seen in the final hours of trading Wednesday, June 14.

Those stocks had accounted for two-fifths of the S&P 500's gains this year, said John Stoltzfus, chief investment strategist at Oppenheimer, during the initial selloff on Monday. That's "reason enough we'd think for some investors to take a little money off the table in the tech space," he wrote in a note.

Facebook, Apple, Amazon, and Alphabet were each at least 1% lower in premarket trading on Thursday. Netflix fell almost 2%.

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U.S. jobless claims fell in the past week, another sign of a tightening labor market. The number of new claims for unemployment benefits declined by 8,000 to 237,000 in the past week. The less volatile, four-week jobless claims average increased 1,000 to 243,000. 

Manufacturing conditions in the New York area swung higher in June to their best level since September 2014. The Empire State Manufacturing Survey for June increased to 19.8 from negative 1 in May.  

Business conditions in the Philadelphia area deteriorated slightly in June. The Philadelphia Fed Business Outlook Survey decreased to a reading of 27.6 this month, down from 38.8 in May. A decline in June was expected after the measure hit its highest level in more than 30 years a month earlier. 

U.S. import prices declined in May in the largest drop in import inflation since February 2016. Weakness in the data is another sign of softening inflation trends. Import prices declined by 0.3% in May, though were flat when excluding fuel prices. Export prices declined by 0.7%. 

Industrial production came in flat in May, disappointing analysts looking for a 0.1% increase. April's production figures in the U.S. were revised to show a 1.1% increase, up from a 1% gain previously reported. April's gain was the largest since May 2010. 

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On Wednesday, June 14, the Federal Open Market Committee, the monetary policy arm of the U.S. central bank, raised interest rates and detailed plans to unwind its $4.5 trillion balance sheet. Weeks of hawkish Fed commentary had cushioned markets for a June rate hike as members pointed to a healthy labor market and generally positive economic trends.

The Fed did concede that recent inflation had shown signs of weakness, particularly on a 12-month basis. Inflation "is expected to remain somewhat below 2% in the near term but to stabilize around the Committee's 2% objective over the medium term," members said in a statement. The Committee is "monitoring inflation developments closely." Fed Chair Janet Yellen said in a press conference that "one-off" price decreases were responsible for soft inflation.

Most members also telegraphed one more rate hike this year and an average three in 2018. Yellen did say that the central bank was not on a preset course, though said that the likely rate of economic growth would warrant further interest rate hikes. Yellen gave projections of median short-term rates as 1.4% at end of this year; 2.1% at end of 2018; and 2.9% at end of 2019.

The Bank of England held its key interest rate at 0.25%, as expected, at a meeting on Thursday. That decision was a majority, though a narrower one than previous meetings -- five of the eight votes were cast in favor of holding rates unchanged. The central bank also held its asset purchase program unchanged at 435 billion euros. 

Reports indicated special counsel Robert Mueller has begun interviewing top government officials as part of an investigation into whether Donald Trump tried to obstruct justice regarding Russia's role in the 2016 election. 

"Trump had received private assurances from then-FBI Director James B. Comey starting in January that he was not personally under investigation," said a story in The Washington Post. "Officials say that changed shortly after Comey's firing."

Basing its information on several unnamed sources, the newspaper said Mueller's obstruction-of-justice investigation of Trump began within days of Comey's dismissal on May 9. "Preliminary interviews scheduled with intelligence officials indicate his team is actively pursuing potential witnesses inside and outside the government," the Post reported.

Kroger Co. (KR) - Get Kroger Co. (KR) Report shares declined more than 8% after the grocery store chain slashed earnings guidance for the full year. Kroger cut its 2017 adjusted EPS guidance to between $2 and $2.05 a share, down from its previous view between $2.21 and $2.25 a share. Wall Street has a consensus full-year estimate of $2.20 a share, according to FactSet.

Bob Evans Farms Inc. (BOBE) rose more than 3% in premarket trading after exceeding analysts' estimates for earnings in its recent quarter. Adjusted earnings of 61 cents a share soared past consensus of 48 cents. Sales came in short, though. Revenue of $99.9 million missed forecasts of $105 million. Guidance for fiscal 2018 also fell short of estimates.  

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