* Futures: Dow up 0.2%, S&P 500 down 0.2%, Nasdaq down 0.7%
* UnitedHealth ( UNH ) rises after 2026 profit forecast raise
* United Airlines down after flagging additional $6 bln
expense
(Updates prices)
By Ragini Mathur and Avinash P
July 16 (Reuters) - U.S. stock index futures were mixed on
Thursday as weakness in chip stocks kept sentiment subdued ahead
of fresh economic data, while upbeat results from UnitedHealth ( UNH )
offered some support.
The latest in a wave of positive quarterly results,
UnitedHealth ( UNH ) raised its 2026 profit forecast, sending
shares of the healthcare giant up 6.7% before the bell and
helping lift Dow futures.
Peers Humana and Centene ( CNC ) gained 5% and 4.2%,
respectively.
Chip stocks extended declines from the previous session when
investors rotated into megacap technology names and banks
following strong results from major lenders.
U.S.-listed shares of TSMC fell 4.6% in premarket
trading, even after the advanced AI chipmaker reported a 77%
jump in second-quarter profit that topped market expectations.
The company also said it would invest an additional $100 billion
in the United States.
Memory-chip makers were among the biggest decliners, with
Western Digital ( WDC ) and Seagate Technology ( STX ) down 7.2%
and 5.8%, respectively.
Chip stocks were earlier among the biggest beneficiaries of
this year's rally, as optimism around AI spending by
hyperscalers helped drive Wall Street to record highs.
At 07:13 a.m. ET, Dow E-minis were up 95 points, or
0.18%, and S&P 500 E-minis were down 14.75 points, or
0.19%. Nasdaq 100 E-minis were down 210.25 points, or
0.71%.
The main three U.S. indexes rose for a second straight
session on Wednesday as this week's benign inflation reportsfor
June eased inflation concerns and reduced worries over tighter
Federal Reserve policy.
A strong start to the second-quarter earnings season also
supported sentiment, even as U.S.-Iran tensions simmered in the
background.
"While geopolitical dynamics may trigger setbacks, earnings
should remain the key driver of performance for the remainder of
the year," said Mark Haefele, chief investment officer at UBS
Global Wealth Management.
"In fact, with the U.S. second-quarter earnings season
kicking off with solid beats, we expect another strong set of
results in the coming weeks."
Later in the day, investors will monitor retail sales and
jobless claims reports at 8:30 a.m. ET for further signs of
whether the economy is cooling without raising worries about
growth.
Markets are currently pricing in about 90% likelihood that
the Fed will stay on hold at this month's monetary policy
meeting, according to CME's FedWatch tool.
The benchmark S&P 500 has climbed more than 10% this
year and remains near its June record close, leaving the rally
vulnerable to any disappointment in data or earnings.
GE Aerospace dipped 4.2%, despite the jet-engine
maker lifting its 2026 profit forecast.
United Airlines fell 3.1% as a renewed surge in oil
prices weighed on its third-quarter and full-year profit
outlooks.
Netflix ( NFLX ) is scheduled to report its after the
market's close.
(Reporting by Ragini Mathur and Avinash P in Bengaluru; Editing
by Maju Samuel and Devika Syamnath)