Stock futures sluggish; eyes on tax bill talks and General Electric


(Reuters) – U.S. stock futures pointed to a dull opening on Thursday with technology stocks holding on to their modest gains as traders focus on progress in tax bill negotiations and General Electric’s job-cut plan.

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 6, 2017. REUTERS/Brendan McDermid

– GE (GE.N) shares rose 0.6 percent to $17.76 in premarket trading after the struggling industrial conglomerate said it was axing 12,000 jobs at its global power business.

– Shares of tech giants Microsoft Corp (MSFT.O), Inc (AMZN.O), Facebook Inc (FB.O), Apple Inc (AAPL.O) and Alphabet Inc (GOOGL.O) were up about 0.3 percent to 0.6 percent.

– Other early movers include Broadcom (AVGO.O), which gained 5 percent after reporting upbeat profit and boosting its dividend by 72 percent, days after the chipmaker took its $103 billion bid for Qualcomm (QCOM.O) hostile.

– Lululemon Athletica (LULU.O) rose about 8 percent after the…

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