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Wall Street Futures Climb as TSMC’s Record Earnings Outshine Trade Tensions

U.S. stock futures edged higher on Thursday, lifted by Taiwan Semiconductor Manufacturing Company’s (TSMC) blockbuster third-quarter results, which reassured investors amid renewed U.S.-China trade frictions. TSMC, the world’s largest contract chipmaker, reported revenue of $33.1 billion , up more than 30% year-over-year , with profits surging nearly 39% thanks to booming demand for artificial intelligence chips. The company also raised its full-year outlook, signaling confidence that AI-driven growth will continue to fuel the semiconductor sector. The upbeat earnings rippled across Wall Street: Nasdaq 100 futures rose about 0.6% , buoyed by gains in AI-linked stocks like Nvidia. S&P 500 futures advanced roughly 0.5% , while Dow Jones Industrial Average futures added 0.3% , despite its smaller tech weighting. These gains came even as escalating U.S.-China trade tensions injected fresh uncertainty into global markets. Washington and Beijing have recently exchanged new t...
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Stock Market Today: US Futures Edge Higher as Walmart Surges with Retail Sales, Jobs Data Ahead


Stock futures nudged higher Thursday as Wall Street looked to two key signals of US consumer health, as well as more insight on the jobs market. Here are the highlights:

  1. Futures Performance:

    • Futures tied to the S&P 500 (ES=F) and the tech-heavy Nasdaq (NQ=F) rose 0.1%.
    • Dow Jones Industrial Average futures (YM=F) pointed up 0.2%.

  2. Walmart’s Strong Quarter:

    • Retail giant Walmart (WMT) shares surged nearly 6% after a largely positive earnings report.
    • Walmart posted both earnings and revenue beats and raised its full-year outlook.

  3. Retail Sales Data:

    • Monthly government retail sales data is set for release at 8:30 a.m. ET.
    • Economists expect a 0.3% month-over-month increase in July, an improvement from June’s flat reading.

  4. Jobs Market Update:

    • The weekly jobless claims report is also in focus.
    • Last week, claims fell more than forecast, sparking a market surge.

  5. Market Resilience:

    • Stocks have rebounded in August, with the S&P 500 recouping most of its losses from the earlier sell-off.
    • As inflation eases, the jobs market remains a key focus for the Fed.

Wall Street continues to monitor these indicators closely, shaping market sentiment and investor confidence.


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