U.S. stocks rose on Thursday as Wall Street looked to extend a modest winning streak.
The Dow Jones Industrial Average futures gained 236 points, or 0.8%. The S&P 500 and Nasdaq Composite were up 0.7% and 0.5%, respectively. The S&P 500, which sits about 20% off its record high, is looking for its first four-day winning streak since late March.
Chipmakers were higher in premarket trading after South Korea’s Samsung posted an 11% jump in profit and 21% surge in revenue for the latest period on strong sales of memory chips. Shares of Micron, AMD and Nvidia were all higher in premarket trading by more than 1%.
Another notable early mover was GameStop, which popped 9% in premarket trading after the video game retailer said a 4-for-1 stock split was approved by its board. Shareholders at the market close on July 18 will get a dividend of three additional shares for each of GameStop’s Class A common stock, the retailer said. The dividend will be distributed after trading closes on July 21.