(RTTNews) - Following the pullback seen in the previous session, stocks are likely to move back to the upside in early trading on Friday. The major index futures are currently pointing to a higher open for the markets, with the S&P 500 futures up by 0.4 percent. The tech-heavy Nasdaq is likely to benefit from a surge by shares of Broadcom (AVGO), as the chipmaker is soaring by 17.5 percent in pre-market trading. The spike by Broadcom comes after the company reported better than expected fiscal fourth quarter earnings and said it expects continued strong demand for its custom AI chips. Stocks may also benefit from optimism about the outlook for interest rates ahead of next week's Federal Reserve meeting.
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