Stock futures mixed as tech drops offset Dow gains

cnbc.com —

Stock futures are mixed Thursday, with Dow futures up and Nasdaq futures down, following a strong post-midterm rally where the Dow surged 3% and the Nasdaq gained nearly 1.5%. Tech stocks face pressure from post-earnings declines, including Qualcomm down 10% on a weak forecast and Arm down 7%, amid concerns about data center demand and smartphone storage issues. Snap shares fell 11% after reporting a year-over-year drop in daily users. Other notable movers include HP naming Emma Walmsley as CEO, Cardinal Health beating estimates, and Dutch Bros dropping 11% on weak results. McDonald's received price target hikes after a 6.5% gain, while defensive stocks like Kimberly-Clark and Home Depot continue to perform well.


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