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Tech Sector Rebounds as US Equity Futures Turn Mixed Pre-Bell
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Tech Sector Rebounds as US Equity Futures Turn Mixed Pre-Bell
Jul 18, 2024 5:49 AM

08:16 AM EDT, 07/18/2024 (MT Newswires) -- US equity futures were narrowly mixed pre-bell Thursday with futures of technology-heavy Nasdaq Composite higher amid a recovery in the sector.

The Dow Jones Industrial Average futures fell 0.1%, S&P 500 futures gained 0.2%, and Nasdaq futures were up 0.4%.

Technology stocks were buoyed by upbeat Q2 financial results from chipmaker Taiwan Semiconductor (TSM), which posted higher Q2 earnings and sales that topped analysts' estimates.

Oil prices slipped, with front-month global benchmark North Sea Brent crude down 0.2% at $84.94 per barrel and US West Texas Intermediate crude down 0.2% at $81.30 per barrel.

New unemployment claims, scheduled for release at 8:30 am ET, are expected to come in at 229,000 in the week ended July 13 versus 222,000 claims in the prior week. The Philadelphia Fed Manufacturing Index is expected to edge higher to 2.7 in July from June's 1.3, according to estimates compiled by Bloomberg.

The index of leading economic indicators, due at 10 am ET, is seen dropping by 0.3% in June following a 0.5% decline in May.

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