India, Aug. 13 -- The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to move to the upside following the mixed performance seen in the previous session.
Early buying interest may be generated in reaction to a steep drop by the price of crude oil, as U.S. crude oil futures plunge by 2.3 percent.
The slump in crude oil prices comes as worries about the outlook for demand are overshadowing the supply concerns raised by the ongoing conflict in the Middle East.
However, a negative reaction to some of the latest earnings news may limit the upside, with shares of Cisco Systems (CSCO) plummeting by more than 7 percent in pre-market trading.
Cisco is under pressure even though the networ...