News Formal

Stock market news today: Nasdaq futures dig out of tech rout as TSMC shines

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 25 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 37%
  • Publisher: 63%

TSMC News

Nasdaq,Netflix,Nasdaq Composite

Techs reached for a comeback from the Nasdaq's worst day since 2022, in an increasingly volatile week for Wall Street.

Tech stocks eyed a small comeback on Thursday from the Nasdaq's worst day since 2022, as TSMC's upbeat results helped calm worries about the AI trade ahead of Netflix earnings. Futures on the tech-heavy Nasdaq 100 rose 0.4%, while S&P 500 futures edged up 0.1%. But Dow Jones Industrial Average futures slid roughly 0.2%, coming off an all-time closing high for the blue-chip index.

Chip stocks Nvidia , TSMC , and ASML all got hammered amid a rotation from tech leaders into less prominent parts of the market. TSMC's strong quarterly earnings Thursday helped lift the mood. The Taiwanese chip giant beat on profit with a 36% jump, and it raised its 2024 sales outlook to signal confidence in the AI boom. Shares in the supplier to Nvidia and Apple inched up in pre-market trading. Netflix is the highlight on Thursday's earnings docket, due after the market close.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market news today: Nasdaq sinks over 2% as China curb risk rattles techsTechs were under dual pressure from worries about US export curbs on China and Donald Trump's stance on Taiwan.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: S&P 500, Nasdaq futures tumble as China curb risk rattles techsTechs were under dual pressure from worries about US export curbs on China and Donald Trump's stance on Taiwan.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Nasdaq futures tumble as China curb risk rattles techsTechs were under dual pressure from worries about US export curbs on China and Donald Trump's stance on Taiwan.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market news today: Nasdaq futures dig out of rout as TSMC eases AI fearsTechs reached for a comeback from the Nasdaq's worst day since 2022, in an increasingly volatile week for Wall Street.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: S&P 500, Nasdaq hover near records as Nvidia becomes most valuable stockTechs are continuing to lead an AI-driven rally that investors simply can't afford to miss out on.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »