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

Saratoga Investment Corp. CEO Chris Oberbeck explains how rising interest rates and tax reform will impact U.S. markets.

(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.

– GE (GE) 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), Inc (AMZN), Facebook Inc (FB), Apple Inc (AAPL) and Alphabet Inc (GOOGL) were up about 0.3 percent to 0.6 percent.

– Other early movers include Broadcom (AVGO), 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)…

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