US STOCKS-Futures edge higher amid trade worries [Reuters]
CAVIUM (CAVM)
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Source: Reuters
Stock futures edge higher amid trade worries | Reuters 2 Min Read (Reuters) - U.S. stock index futures rose slightly on Thursday, after China approved a U.S. chipmaker deal and Accenture posted strong results, but uncertainty about Washington’s trade stance with China weighed on the mood. Chipmaker Marvell Technology ( MRVL.O ) jumped 11.8 percent in premarket trading after the company said it got Chinese regulatory approval for its $6 billion acquisition of smaller rival Cavium Inc ( CAVM.O ). Cavium rose 5.7 percent. The news comes as the United States moves to restrict Chinese investments in sensitive American technologies. In what appeared to be a softer approach, U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese investments over earlier reports that suggested imposing China-specific restrictions. U.S. stocks opened with strong gains on Wednesday, but turned lower by afternoon after White House economic
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