Chip Dip Churns Wall Street Pre-Bell; Asia Off, Europe Up

Wall Street futures were mixed pre-bell Thursday, as traders leaned away from semiconductor shares, but showed appetite for the healthcare, renewable energy and property sectors.

In the futures, the S&P 500 rose 0.1%, the Nasdaq declined 0.5% and the Dow Jones was up 0.4%.

West Texas Intermediate crude oil traded up 0.4% to $88.50 a barrel, and 10-year US Treasuries yields eased modestly, to 4.88%, in morning trades.

The VanEck Semiconductor exchange-traded fund (SMH), a proxy for the sector, traded down 1.9% pre-bell.

AppLovin (APP) traded up 15.8% pre-bell, after the ad-software enterprise reported Q3 earnings, revenue and guidance above outlooks late Wednesday.

Asian exchanges traded choppily overnight, with China-exposed markets rising, but tech-heavy trading floors in Seoul, Taiwan and Tokyo posting losses.

European bourses tracked moderately north midday on the continent, with the pan-continental STOXX Europe 600 index testing all-time record highs.

On the economic calendar is the weekly jobless claims bulletin, along with the Q3 productivity and costs report, at 8:30 am ET.

The weekly EIA natural gas report logs at 10:30 am.

Federal Reserve Cleveland President Beth Hammack, Richmond President Thomas Barkin and Dallas President Lorie Logan are slated to speak on Thursday.

In premarket action, Bitcoin traded at $80,329, while spot gold commanded $4,124 an ounce.