Stock Futures Sluggish; Eyes On Tax Bill Talks And General Electric

www.oann.com | 12/7/2017 | Staff
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(Reuters) – U.S. stock futures pointed to a dull opening on Thursday with technology stocks holding on to their modest gains as traders focus on progress in tax bill negotiations and General Electric’s job-cut plan.

– GE shares rose 0.6 percent to $17.76 in premarket trading after the struggling industrial conglomerate said it was axing 12,000 jobs at its global power business.

Shares - Giants - Microsoft - Corp - Amazon

– Shares of tech giants Microsoft Corp , Amazon.com Inc , Facebook Inc , Apple Inc and Alphabet Inc were up about 0.3 percent to 0.6 percent.

– Other early movers include Broadcom , which gained 5 percent after reporting upbeat profit and boosting its dividend by 72 percent, days after the chipmaker took its $103 billion bid for Qualcomm hostile.

Lululemon - Athletica - Percent - Yoga - Leisure

– Lululemon Athletica rose about 8 percent after the Canadian yoga and leisure apparel maker reported a higher-than-expected profit and gave an upbeat holiday-quarter forecast.

–...
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