semiconductor / news / / Reuters
Futures up: Dow 0.1%, S&P 500 0.3%, Nasdaq 0.7%.Jobless claims estimated to rise to 215,000 in Jan.
TSMC forecasted robust annual growth and signaled expanded U.S. manufacturing capacity.
KEY POINTS
- Shares of U.S. chipmaking tool companies surged after TSMC's strong quarterly results.
- Financial stocks are pressured by concerns over a proposed one-year cap on credit card interest rates.
- Investors are rotating from tech stocks into undervalued sectors like materials and industrials, which hit new highs.
COMPANIES
Summarized by Newsio from Reuters. How we summarize →