New York stock forecast: The technology sector was expected to be slightly higher

IG expects the main industrial index to reach 42,081 points, just above its close on Friday.

The focus is on the chip sector because of the possible takeover of Intel (NASDAQ:) by Qualcomm (NASDAQ:). Intel gained more than 4 percent before the trading session, Qualcomm was one percent weaker. Corresponding reports had already appeared on Friday night. In addition, it seems that the fund manager Apollo Intel offers a billion-dollar investment.

General Motors (NYSE:) lost 2.4 percent premarket. Analyst firm Bernstein Research downgraded the car’s image shares from “outperform” to “market perform” after strong price increases since November. In terms of profitability, a tipping point is now likely for the US carmaker, it said.