Wall Street on track for higher open on tech strength

:Major U.S. stock indexes were set to open higher on Thursday, as technology shares, led by chipmakers, gained following an upbeat earnings outlook by Micron, while optimism about the U.S. economic growth lifted sentiment.

Increased vaccinations and massive fiscal stimulus are powering a recovery in the labor market, which helped investors shrug off latest data that showed a rise in the number of Americans filing new claims for jobless benefits last week.The closely-watched monthly jobs report on Friday could show U.S. economy added 647,000 jobs last month after February's 379,000 rise.

"April is usually a pretty good month for the market historically and I would expect that momentum to continue especially as we see the economy strengthen." Nasdaq 100 futures jumped 1per cent as"high flying" stocks including Amazon.com Inc, Apple Inc, Alphabet Inc, Microsoft Corp and Facebook Inc added between 0.8per cent and 1.2per cent after underperforming last month on concerns over elevated valuations.

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