US STOCKS-Wall Street on track for higher open on tech strength

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* Weekly jobless claims unexpectedly rise
* Micron jumps after upbeat revenue forecast
* J&J shares slip on problem with COVID-19 vaccine batch
* Futures up: Dow 0.07%, S&P 0.35%, Nasdaq 1.07%

(Adds comment, details; Updates prices)
By Devik Jain and Medha Singh
April 1 (Reuters) - 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.
"The data continues to give confidence that the earnings are
going to be revised higher," said Larry Adam, chief investment
officer at Raymond James.
"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."
Micron Technology Inc MU.O advanced 5% premarket after the
chipmaker forecast fiscal third-quarter revenue above Wall
Street estimates due to higher demand for memory chips, thanks
to 5G smartphones and artificial intelligence software.
U.S.-listed shares of rival Taiwan Semiconductor TSM.N
rose 2.4% on its plan to invest $100 billion over the next three
years to meet the rising chip demand. Nasdaq 100 futures NQcv1 jumped 1% as "high flying" stocks
including Amazon.com Inc AMZN.O , Apple Inc AAPL.O , Alphabet
Inc GOOGL.O , Microsoft Corp MSFT.O and Facebook Inc FB.O
added between 0.8% and 1.2% after underperforming last month on
concerns over elevated valuations.
The S&P 500 hit a new intraday high, but stopped short of
touching 4,000 points for the first time on Wednesday as
President Joe Biden's unveiled a $2 trillion-plus plan to
rebuild the world's largest economy.
Biden's "American Jobs Plan" would put corporate America on
the hook for the tab as the government creates millions of jobs
building infrastructure, such as roads, tackles climate change
and boosts human services like care for the elderly.
At 08:43 a.m. EDT, Dow E-minis 1YMcv1 were up 24 points,
or 0.07%, S&P 500 E-minis EScv1 were up 13.75 points, or 0.35%
and Nasdaq 100 E-minis NQcv1 were up 139.5 points, or 1.07%.
U.S. stock markets will remain shut on account of Good
Friday holiday.
Johnson & Johnson JNJ.N fell 0.9% after the drugmaker said
it had found a problem with a batch of the drug substance for
its COVID-19 vaccine being produced by Emergent Biosolutions
EBS.N . Emergent's shares tumbled 7%.
Uber Technologies Inc UBER.N rose 1.4% after Jefferies
began coverage on the ride-hailing company's shares with "buy"
and said the company could be profitable soon.