U.S. stock futures are mixed in pre-market trading, with technology showing strength despite persistent inflation concerns and a significant overnight surge in oil prices. Yesterday saw a mixed close across the major indices on a quiet day for economic data releases.
Stocks to Watch: * Zebra Technologies Corporation: Shares leaped 11.4% yesterday after the company exceeded first-quarter earnings expectations, showcasing strong performance. * Broadcom Inc.: The stock declined 4.2% yesterday as chip stocks softened due to policy concerns and broader tech sector pressure from inflation worries. * UnitedHealth Group: The healthcare giant rose 3.1% yesterday, demonstrating resilience and defensive sector strength amid hotter-than-expected inflation data. * Cisco Systems, Inc.: The company is expected to report its third-quarter earnings after the market closes today, a report that could impact the broader tech sector.
Looking ahead, traders will be closely monitoring energy prices and the technology sector's response to inflation, with Cisco's earnings report providing a key focal point after the bell.