U.S. stock futures moved higher late Thursday as gains in banks and chip stocks lifted market mood. Futures on the Nasdaq 100 (NDX), the Dow Jones Industrial Average (DJIA), and the S&P 500 (SPX) Index were up 0.25%, 0.06%, and 0.15%, respectively, at 9:12 p.m. EDT on January 15.
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In yesterday’s trading session, U.S. stocks finished higher across the board. The S&P 500 and the Nasdaq Composite both rose close to 0.3%, while the Dow gained a stronger 0.6%. Small-cap stocks led the move, with the Russell 2000 climbing nearly 0.9%.
Chip stocks stood out after Taiwan Semiconductor (TSM) posted strong fourth-quarter results. The upbeat report revived hopes around the AI trade. Taiwan Semi shares jumped more than 4%, while Nvidia (NVDA) and Advanced Micro Devices (AMD) each gained around 2%.
Banks also helped push the market higher. Goldman Sachs (GS) and Morgan Stanley (MS) both reported solid quarterly results. Goldman shares rose more than 4%, while Morgan Stanley climbed nearly 6%.
Even with Thursday’s gains, investors are heading into the end of a busy week on a cautious note. The major indexes are still on track for weekly losses, with the S&P 500 down about 0.3%, the Nasdaq off 0.6%, and the Dow lower by roughly 0.1% so far this week.
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