x
Breaking News
0

US STOCKS-Futures sluggish; eyes on tax bill talks and General Electric

Stock MarketsDec 07, 2017 18:00
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. US STOCKS-Futures sluggish; eyes on tax bill talks and General Electric

* Futures: Dow down 13 pts, S&P up 1.5 pts, Nasdaq up 15.75 pts

By Sruthi Shankar and Rama Venkat Raman

Dec 7 (Reuters) - U.S. stock futures pointed to a dull opening on Thursday with technology stocks holding on to their modest gains as traders focus on progress in tax bill negotiations and General Electric (NYSE:GE)'s job-cut plan.

*GE GE.N shares rose 0.6 percent to $17.76 in premarket trading after the struggling industrial conglomerate said it was axing 12,000 jobs at its global power business. Shares of tech giants Microsoft Corp MSFT.O , Amazon.com Inc AMZN.O , Facebook Inc FB.O , Apple Inc AAPL.O and Alphabet Inc GOOGL.O were up about 0.3 percent to 0.6 percent.

* Other early movers include Broadcom AVGO.O , which gained 5 percent after reporting upbeat profit and boosting its dividend by 72 percent, days after the chipmaker took its $103 billion bid for Qualcomm QCOM.O hostile. Lululemon Athletica LULU.O rose about 8 percent after the Canadian yoga and leisure apparel maker reported a higher-than-expected profit and gave an upbeat holiday-quarter forecast. U.S. Senate Republicans on Wednesday agreed to talks with the House of Representatives on the tax bill on Wednesday, amid early signs that lawmakers could agree on a final bill ahead of a self-imposed Dec. 22 deadline. However, a gridlock between President Donald Trump and Congress over the passage of fresh spending legislation before Friday has raised fears of partial shut down of the federal government. Oil prices rose more than half a percent after dipping 2 percent on Wednesday as a fall in U.S. crude inventories was countered by soaring output and a rise in fuel stocks. O/R

* Data is expected to show weekly initial claims for state unemployment benefits rose to 240,000 from 238,000 in the week before. The report is due 8:30 a.m. ET (1330 GMT).

Futures snapshot at 6:51 a.m. ET:

* Dow e-minis 1YMc1 were down 13 points, or 0.05 percent, with 19,224 contracts changing hands.

* S&P 500 e-minis ESc1 were up 1.5 points, or 0.06 percent, with 122,705 contracts traded.

* Nasdaq 100 e-minis NQc1 were up 15.75 points, or 0.25 percent, on volume of 29,337 contracts.

US STOCKS-Futures sluggish; eyes on tax bill talks and General Electric
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

 
Are you sure you want to delete this chart?
 
Write your thoughts here
 
Replace the attached chart with a new chart ?
Post
Post also to:
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
 
Replace the attached chart with a new chart ?
Post 1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email