* Futures up: Dow 0.44%, S&P 500 0.85%, Nasdaq 1.6%
* Intel ( INTC ) up after Trump says company to partner with Apple ( AAPL ) on
chip design
* Accenture ( ACN ) tumbles on trimming top-end of its FY revenue
forecast
* Data showed weekly jobless claims fell amid low layoffs
(Updates before market open)
By Twesha Dikshit and Joel Jose
June 18 (Reuters) - Wall Street's major indexes were poised
for a higher open on Thursday with technology shares leading
gains as optimism about a Middle East peace deal offset worries
about a hawkish Federal Reserve under new Chair Kevin Warsh.
Intel's ( INTC ) shares rose 8.8% in premarket trading after
U.S. President Donald Trump said Apple ( AAPL ) had agreed to
work with the company to design and manufacture its chips in the
United States.
Other chip stocks also moved higher. Nvidia ( NVDA ) rose
1.4%, while Micron and Marvell Technology ( MRVL ) added
5% and 5.9%, respectively.
All three major indexes sank in the previous session as
investors priced in the likelihood of more Federal Reserve rate
hikes, after Warsh underscored the need to curb inflation and
other policymakers signaled higher borrowing costs ahead.
It's the U.S.-Iran deal signing that "seems to be usurping
any negative sentiment brought about by a more hawkish Fed
yesterday," said Art Hogan, chief market strategist at B Riley
Wealth.
"Energy prices continue to trade lower. The potential for an
end to the war in Iran would certainly be a significant positive
and might even help bring down inflation over the long term."
Markets are currently pricing in a 50% chance of a
25-basis-point rate hike in September, according to CME Group's
FedWatch tool, higher than 27% priced in on Wednesday.
Oil prices slid to a more than three-month low, keeping alive
hopes that inflation could be tamed without hiking interest
rates.
Meanwhile, the United States and Iran released the text of an
interim agreement their presidents have signed to end the war.
It extends the April ceasefire by another 60 days to allow the
two sides to reach a final deal.
At 08:37 a.m. ET, Dow E-minis were up 228 points, or
0.44%, S&P 500 E-minis were up 63.75 points, or 0.85%,
and Nasdaq 100 E-minis were up 475.25 points, or 1.6%.
Markets have regained ground from a slump in early June,
with a resilient economy, a broadening rally beyond tech shares
and optimism surrounding a U.S.-Iran deal boosting sentiment.
Weekly jobless claims data showed the number of Americans
filing claims for unemployment benefits fell last week as
layoffs remained low.
The Nasdaq and the blue-chip Dow were on
track to end higher for a second consecutive week before
Friday's Juneteenth holiday.
Thursday also marks the once-in-a-quarter simultaneous
expiry of derivatives contracts tied to stocks, index options
and futures, also known as "triple witching", which can boost
trading volume and aggravate volatility.
Among other early movers, Rumble jumped 15.4% after
rebranding to RUM Group and closing its acquisition of German AI
cloud company Northern Data.
Kroger ( KR ) dropped 7.8% after the grocer reported a
lower-than-expected profit for the first quarter and kept its
annual forecasts unchanged.
Shares of Accenture ( ACN ) tumbled 16% afterthe company
trimmed the top end of its annual revenue forecast. It also
announced plans to acquire a majority stake in Dragos and fully
buy runZero and NetRise in a combined deal valued at $4.18
billion.
(Reporting by Twesha Dikshit and Joel Jose; Editing by Pooja
Desai and Devika Syamnath)