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Home / Business / Stock futures signal higher open, but gains capped as Trump-Xi meeting allegedly being pushed back

Stock futures signal higher open, but gains capped as Trump-Xi meeting allegedly being pushed back



  A truck moves a freight container in Qingdao Port on January 14, 2019 in Qingdao, Shandong Province, China.

VCG | Getty Images

A truck moves a freight container in Qingdao Port on January 14, 2019 in Qingdao, Shandong Province, China.

Tech shares were set to lift shares a bit on Thursday.

Apple shares rose more than 1 percent after Cowen started covering the company with a higher ranking and a $ 220 price. Cowen cited potential long-term upside from Apple's services business.

Snap, meanwhile, rallied more than 6 percent after BTIG analyst Richard Greenfield – a long-time skeptic of the social media company – upgraded the stock to buy for the first time. "Performance advertisers are laser focused on returns and user (and spend more) where they see a convincing return," he said, and listed stocks could rise 50 percent over the next 12 months.

Elsewhere, General Electric saw the industrial giant publishing weaker than expected earnings guidance for 2019. The shares initially fell around 4 percent on the premarket before turning to trading 1.3 percent higher.

-CNBCs Sam Meredith contributed to this report.


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