Published on 17 Oct 2024 on Benzinga
Why Nasdaq, S&P 500 Futures Are Sharply Higher Thursday - Invesco QQQ Trust,...
Technology stocks, specifically chipmakers, could lead from the front on Thursday as a stellar third-quarter earnings report from Taiwan Semiconductor Manufacturing Company Ltd. TSM is triggering positive sentiment toward all artificial intelligence plays. Oil prices have rebounded and gold traded at a fresh record, while bond yields held steady ahead of a slew of market-moving data that include retail sales, a regional manufacturing activity index, industrial production, and jobless claims.
Earnings news could provide an offsetting impact in the eventuality of the market construing the economic data as inclement. Netflix, Inc. NFLX is the first among the mega-cap earnings due after the market close and the results could evince interest among traders and set the tone for the tech reporting season.