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Futures up: Dow 0.01%, S&P 0.07%, Nasdaq 0.15%

April 18 (Reuters) - Futures for the S&P 500 and the

Nasdaq gained on Thursday as some chip stocks recouped losses

after a sell-off, while investors awaited Federal Reserve

policymakers' stance on interest-rate cuts in the face of

resilient economic data.

Chipmakers such as Advanced Micro Devices ( AMD ), Nvidia ( NVDA )

and Applied Materials ( AMAT ) gained between 0.3% and

0.7% in premarket trading.

Micron Technology ( MU ) advanced 1.7% after a report that

the memory-chip maker is set to get more than $6 billion in

grants from the U.S. Commerce Department to help pay for

domestic chip factory projects.

The Philadelphia Semiconductor Index, which dropped

over 3% on Wednesday, was down nearly 13% from the record high

levels seen last month.

Also easing some pressure off equities, Treasury yields fell

slightly from the elevated levels seen earlier in the week, with

the yield on the 10-year note last at 4.5772%.

All three major indexes closed lower in the last session,

with the S&P 500 and the Nasdaq logging their

fourth straight day of losses as investors remained jittery

about the Fed's interest-rate outlook.

Cleveland Fed President Loretta Mester said she expects

price pressures to ease further this year, allowing the central

bank to reduce borrowing costs, but only when it is "pretty

confident" about inflation heading sustainably to its 2% goal.

Fed Governor Michelle Bowman, on the other hand, said

progress on lowering U.S. inflation may have stalled. He said it

remained an open question whether interest rates were high

enough to ensure a return to the 2% inflation target.

Investors will look for remarks from New York Fed President

John Williams and his Atlanta counterpart Raphael Bostic later

in the day.

Money market participants see an over-46% chance of the Fed

kicking off its easing cycle in July, according to the CME

FedWatch Tool.

At 5:29 a.m. ET, Dow e-minis were up 4 points, or

0.01%, S&P 500 e-minis were up 3.5 points, or 0.07%, and

Nasdaq 100 e-minis were up 26.5 points, or 0.15%.

With the first-quarter reporting season hitting its stride,

investors will watch for earnings from lenders KeyCorp ( KEY ),

Comerica ( CMA ) and homebuilder D.R. Horton ( DHI ) before the

opening bell.

Weekly jobless claims and March existing home sales data due

later in the day will also be on the radar in an otherwise light

data calendar.