Futures up ahead of economic data, TSMC results lift chip stocks

Oct 17 - U.S. stock index futures advanced on Thursday, with an upbeat forecast from TSMC boosting semiconductor stocks, while investors awaited key economic data for clues on the U.S. consumer's financial health.

Other chip stocks such as Broadcom , rose 2.7%, Intel , gained 1.3% and Arm Holdings was 3.6% higher. Megacap stocks rose after broad declines in the previous session, with Apple , rising 0.8% and Microsoft up 0.6%. Dow E-minis were up 29 points, or 0.07%, S&P 500 E-minis were up 24.25 points, or 0.41% and Nasdaq 100 E-minis were up 169.5 points, or 0.83%.

This propelled the benchmark index to fresh record highs and closer to the psychologically important 6,000 mark.

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Premarket: U.S. futures rise as chip stocks rally after TSMC results; economic data in focusEuropean stocks gain, euro weak ahead of ECB, ‘Trump trade’ lifts U.S. dollar
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Jordan Finneseth Joins Kitco Crypto as a Market ReporterKitco NEWS welcomes Jordan Finneseth as its newest crypto market reporter. With a background in Psychology and a passion for the cryptocurrency space, Jordan brings valuable insights to our team.
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