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Tech Caution Undercuts Wall Street Pre-Bell; Asia Mixed, Europe Up

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Wall Street futures were mixed pre-bell Thursday as traders eyed tech enterprises cautiously, and backed away from any signs of slipping revenue growth revealed in the ongoing earnings season.

In the futures, the S&P 500 rose 0.2%, the Nasdaq declined 0.4% and the Dow Jones was up 0.3%.

AppLovin (APP) traded down 18.8% pre-bell after the mobile-technology and app enterprise reported Q2 EPS in line with expectations, but missed on revenue and offered tempered guidance, late Wednesday.

Western Digital (WDC) traded down 15.3% pre-bell after the data-storage company overnight released fiscal Q4 earnings and revenue that topped expectations, but offered revenue guidance roughly in line with outlooks.

Asian exchanges traded mixed overnight, while European bourses tracked moderately north midday on the continent, again testing record highs.

On the economic calendar is the weekly jobless claims report, and the Q2

productivity and costs bulletin, at 8:30 am ET.

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

Federal Reserve St. Louis President Alberto Musalem is slated to speak on Thursday.

In pre-market action, bitcoin traded at $64,608, West Texas Intermediate crude oil traded up 0.8% at $75.81, and 10-year US Treasuries offered 4.63%. Spot gold commanded $4,268 an ounce.

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