India, May 14 -- The major U.S. Index futures are currently pointing to a higher open on Thursday, with the tech-heavy Nasdaq likely to see further upside after jumping to a new record high in the previous session.
Tech stocks may extend yesterday's rally amid a positive reaction to earnings news from San Jose-based technology giant Cisco Systems (CSCO).
Shares of Cisco are soaring by 14.5 percent in pre-market trading after the company reported better than expected fiscal third quarter results and provided upbeat guidance. Cisco also revealed plans to cut nearly 4,000 jobs.
Market leader and AI darling Nvidia (NVDA) is also seeing significant pre-market strength after a report from Reuters said the U.S. has cleared around 10 Chinese fir...