* GE busiest stock premarket on restructuring plan
* Lennar jumps on upbeat results
* Micron up after UBS upgrades to neutral
* Futures: Dow down 7 pts, S&P up 1.25 pts, Nasdaq up 11.75 pts (Adds comments, details, updates prices)
By Sruthi Shankar
June 26 (Reuters) - U.S. stock index futures held steady on Tuesday, a day after the S&P 500 posted its steepest one-day loss since early April on fears of a spiraling trade dispute between the United States and other major economies.
Traders also kept a close eye on General Electric, which announced plans to spin off its healthcare business and divest its stake in oil-services company Baker Hughes. Its shares rose 6.6 percent in premarket trading.
The Dow on Monday closed below its 200-day moving average for the first time since June 2016 as investors digested conflicting signals from the Trump administration over proposed restrictions on foreign investment in U.S. technology companies.
“After a rough day like yesterday, investors are evaluating the damage done and looking for some stability,” Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey said.
“If the markets can focus on the economy, everything is set up in a bullish way except for the concerns of trade.”
After initial reports on Monday that only Chinese investments would come under check, U.S. Treasury Secretary Steven Mnuchin said on Twitter that restrictions would apply, not specifically to China, but “to all countries that are trying to steal our technology”. White House trade and manufacturing adviser Peter Navarro later said only China was targeted.
China’s major stock indexes posted a 20 percent decline from their January peaks, a threshold that defines a ‘bear’ market.
At 8:49 a.m. ET, Dow e-minis were down 7 points, or 0.03 percent. S&P 500 e-minis were up 1.25 points, or 0.05 percent and Nasdaq 100 e-minis were up 11.75 points, or 0.17 percent.
Providing some comfort was U.S. homebuilder Lennar, whose shares jumped 6.3 percent as strong housing demand helped the company report better-than-expected quarterly results.
Micron Technology rose 2.1 percent after UBS raised the rating on the company’s stock to “neutral” from “sell”.
Advanced Micro Devices gained 1.5 percent and Nvidia rose 1.5 percent after brokerage Benchmark Co started coverage on the companies. (Reporting by Sruthi Shankar in Bengaluru; Editing by Shounak Dasgupta)