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Futures: Dow down 0.04%, S&P 500 up 0.07%, Nasdaq up 0.04%

Nov 6 (Reuters) - U.S. stock index futures were muted on

Thursday, as a drop in Qualcomm's ( QCOM ) shares added to concerns about

stretched valuations in technology stocks, while mixed economic

data fueled uncertainty about the U.S. economy.

Qualcomm ( QCOM ) dipped 2.8% after the chip designer warned

of a possible loss of business next year from its key customer,

Samsung, but forecast quarterly sales and profit above market

expectations.

U.S. stocks sold off sharply on Tuesday after warnings of a

market pullback from Wall Street executives sparked a plunge in

AI-linked stocks that have powered equities to record highs this

year.

Some positive earnings reports and better-than-expected

economic data, however, steadied markets on Wednesday.

At 06:24 a.m. ET, Dow E-minis were down 19 points,

or 0.04%, S&P 500 E-minis were up 3.25 points, or 0.05%,

and Nasdaq 100 E-minis were up 4 points, or 0.02%

The longest U.S. government shutdown in history has led to

investors and the Federal Reserve flying blind ahead of the next

rate decision and to rely on private sector indicators.

In contrast to Wednesday's ADP report that showed a rebound

in private U.S. jobs last month, global outplacement company

Challenger, Gray & Christmas said on Thursday U.S.-based

employers cut more than 150,000 jobs in October, marking the

biggest reduction for the month in more than 20 years.

Traders are now pricing in a 67% chance of a 25-basis-point

rate cut in December, lower than 72% a week earlier, according

to the CME Group's FedWatch tool.

With a slew of Federal Reserve officials scheduled to speak

later in the day, traders will closely parse commentary for

hints on the monetary policy path.

EARNINGS CHUG ON

The third-quarter earnings season continued in full steam,

with 83% of the 379 S&P 500 companies that reported through

Wednesday topping analysts' earnings estimates, as per data

compiled by LSEG. Typically, 67% of S&P 500 companies beat

estimates.

Notable earnings for the day include Warner Bros Discovery ( WBD )

, Datadog ( DDOG ), Moderna ( MRNA ) and Block.

DoorDash ( DASH ) shares slumped 10.1% after the delivery

firm reported third-quarter profit below Wall Street

expectations on rising expenses.

Cosmetics-maker Elf Beauty ( ELF ) forecast annual sales and

profit below expectations, sending its shares down 25.4%.

Snap rose 20.8% after the social media firm beat

third-quarter revenue estimates and announced a partnership with

Perplexity AI.

In other moves, Marvell Technology ( MRVL ) gained 11.9%

after Bloomberg News reported SoftBank explored a potential

takeover of company.