Wall Street Set For Mixed Open But Nasdaq Seen Higher As Large Cap Tech Gains

This is source I found from another site, main source you can find in last paragraph

U.S. markets were set for a mixed open Thursday as a mini rebound in tech stocks boosted the Nasdaq, the dollar rose to its highest level in nearly two weeks and bitcoin blasted through $15,000.

Futures tied to the Dow Jones Industrial Average were trading down 43 points, or 0.18%, while those linked to the broader S&P 500 rose slightly. Big-cap tech stocks, which helped boost market sentiment Wednesday, look set to extend gains again Thursday with Facebook Inc (FB)  , Google parent Alphabet Inc. (GOOGL)  and Apple Inc. (AAPL)  all indicated higher in premarket dealing. The moves should help the Nasdaq open around 18 points higher at the start of trading. 

Broadcom Ltd. (AVGO) rose 4.4% in premarket trading after the chipmaker's fiscal fourth-quarter earnings topped Wall Street estimates and the company predicted revenue in its fiscal first quarter to exceed forecasts.

General Electric Co. (GE) shares will also be in focus after the company said it will axe more than 2,000 jobs in Europe as part of a worldwide reduction in its workforce that could reach 12,000 in an effort to cut costs by around $3.5 billion over the next two years.

GE traded 0.3% higher in premarket trading.

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Weekly U.S. jobless claims in the U.S. fell 2,000 to a five-week low of 236,000.

Lululemon Athletica Inc. (LULU) was also an active premarket mover, rising 9%, after the clothing retailer topped Wall Street estimates with its third-quarter earnings and gave investors upbeat guidance for the holiday season, during which it expects sales of as much as $885 million over the three months ending in December.

Gold stocks such as Newmont Mining Corp. (NEM)  and Harmony Gold Mining Co. (HMY)  were active to the downside after bullion prices slumped to a four-month low Thursday amid a global pullback in commodities and metals prices and the continued rise in digital currencies driven by investors seeking alternatives to the bullion's traditional "store of value" play.

Gold fell 0.7% to $1,256.70 an ounce, extending its three-month decline to around 7.5%. The moves mirror recent price declines in global industrial metals, including copper, which hit a three-month low of $6,057 per ton Wednesday, and platinum, which touched a five-month low of $895.74 an ounce amid speculation of reduced demand from China.

This is source I found from another site, main source you can find in last paragraph

Source : https://www.thestreet.com/story/14413846/1/wall-street-set-for-mixed-open-but-big-cap-tech-should-lift-nasdaq-higher.html



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