0834 GMT - Futures linked to the tech-heavy Nasdaq-100 are on the rise early Thursday after Taiwan Semiconductor Manufacturing Co. posted a jump in net profit and sales for the first quarter. TSMC's profit climbed 60% to 361.56 billion New Taiwan dollars, while revenue increased 42% from a year earlier. The E-mini Nasdaq 100 futures contract is up 1.2% on Thursday. The Nasdaq Composite index closed nearly 3.1% lower Wednesday after news of U.S. curbs on Nvidia's exports rattled investors in chip stocks. Nvidia stock closed 6.9% lower at $104.49 Wednesday. Shares are up 1% Thursday premarket, touching a high of $105.95. (mauro.orru@wsj.com)
(END) Dow Jones Newswires
April 17, 2025 04:34 ET (08:34 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.