Tech Stocks Poised to Extend Gains on Semiconductor Optimism, With US Equity Futures Mixed Pre-Bell

MT Newswires Live01-16

US equity futures were mixed pre-bell Friday, with futures of technology sector-heavy Nasdaq Composite set to extend gains amid optimism surrounding semiconductor stocks.

Dow Jones Industrial Average futures were down 0.1%, S&P 500 futures were 0.1% higher, and Nasdaq futures were up 0.4%.

Chipmaker Taiwan Semiconductor Manufacturing (TSM) reported Thursday stronger Q4 financial results and issued upbeat revenue projections.

Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1% at $64.40 per barrel and US West Texas Intermediate crude 1% higher at $59.78 per barrel.

The December industrial production bulletin, scheduled for release at 9:15 am ET, is expected to show a 0.1% increase versus a 0.2% gain in the preceding month, according to estimates compiled by Bloomberg.

The January housing market index, due at 10 am ET, is expected to come in at 40 versus December's 39.

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