Wall Street futures pointed higher pre-bell Thursday as traders weighed the earnings season, and after the Trump Administration indicated heavy levies on imported computer chips could be sidestepped by US tech-sector manufacturers.
Apple (AAPL) traded up 2.8% pre-bell after President Donald Trump said enterprises could avoid pending 100% tariffs on chips by committing to the building of US factories. Apple on Wednesday announced an additional $100 billion, to $500 billion already planned, to produce goods in the US.
In the futures, the S&P 500 rose 0.7%, the Nasdaq inclined 0.8% and the Dow Jones was up 0.6%.
In earnings news, Becton, Dickinson (BDX) traded up 5.9% pre-bell after the medical technology company reported fiscal Q3 adjusted earnings up on year, and revenue above Street views, and also boosted guidance, in morning hours.
Asian exchanges traded solidly higher overnight after better-than-expected July international trade figures were released in Beijing, while European bourses tracked north midday on the continent.
On the economic calendar is the weekly jobless claims bulletin at 8:30 am ET, along with the Q2 productivity and costs report.
The wholesale inventories report for June posts at 10 am, and the weekly EIA natural gas report at 10:30 am.
In pre-market action, Bitcoin traded at $116,689, West Texas Intermediate crude oil traded higher at $64.64, and 10-year US Treasuries offered 4.23%. Spot gold traded for $3,455 an ounce.
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