Futures rise as chip stocks rally after TSMC results; economic data in focus
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.
Futures up: Dow 0.08%, S&P 500 0.39%, Nasdaq 0.72%
Oct 17 (Reuters) -U.S. stock index futures gained on Thursday, with an upbeat forecast from TSMC lifting semiconductor stocks, while investors awaited key economic data for clues on the financial health of the U.S. consumer.
Profit at Taiwan Semiconductor Manufacturing Co 2330.TW, the world's largest contract chipmaker, beat market estimates and the company forecast a jump in fourth-quarter revenue, driven by demand for artificial intelligence chips.
The chipmaker's U.S. listed shares TSM.N soared 8% in premarket trading, while AI-trade favorite Nvidia NVDA.O gained 2.4%.
Broadcom AVGO.O rose 2.3%, Intel INTC.O gained 1.3% and Arm Holdings ARM.O was 3.7% higher.
Stocks had advanced in Wednesday's session, with the Dow Jones Industrial Average .DJI notching up its third record close in four sessions, as declines in megacap tech stocks were offset by a rally in small-cap and financial shares.
Futures tracking the small-cap Russell 2000 RTYcv1 were slightly higher, up 0.1%, after the index closed at its highest level in nearly three years.
Megacap stocks rose after broad declines in the previous session, with Apple AAPL.O up 0.7% and Alphabet GOOGL.O rising 0.6%.
Focus now turns to the U.S. economic outlook, with September retail sales and industrial production, as well as weekly jobless claims data due on the day.
"Growth indicators in the US are now being closely monitored by the market and in terms of retail sales, a slight recovery is expected in September after sales slowed in August," analysts at SEB Research said in a note.
Dow E-minis 1YMcv1 were up 35 points, or 0.08%, U.S. S&P 500 E-minis EScv1 were up 22.75 points, or 0.39%, Nasdaq 100 E-minis NQcv1 were up 146.5 points, or 0.72%.
Another busy day of corporate earnings lies ahead, with streaming giant Netflix NFLX.O scheduled to report third-quarter earnings after the bell. Its shares rose 0.5% in premarket trading.
A broadly upbeat start to the third-quarter earnings season, on the heels of strong economic data and the U.S. Federal Reserve kicking off its policy-easing cycle, injected fresh optimism into equity markets, propelling the benchmark index to fresh record highs.
Still, analysts have flagged increasingly stretched valuations, high expectations for earnings and likely volatility ahead of November's U.S. presidential election as risk factors through the end of the year.
Huntington Bancshares HBAN.O and insurer Travelers Companies TRV.N are among the companies whose results are expected before market open.
Federal Reserve Bank of Chicago President Austan Goolsbee is also scheduled to speak later in the day.
The Fed is still widely expected to trim rates by 25 basis points at its next meeting in November, according to CME's FedWatch.
Reporting by Lisa Mattackal in Bengaluru; Editing by Pooja Desai
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
