Major Wall Street indices closed over 1% higher on Thursday after the much-awaited year-end rally materialized in the form of dip-buying. The Nasdaq Composite closed 2.59% higher while the S&P 500 rose 1.75%. The Dow gained 1.05%. Here are the five stocks that are drawing investors’ attention:
Taiwan Semiconductor Manufacturing Company Ltd (NYSE: TSM) kicked off mass production of next-generation chips Thursday, ensuring the island's status as the linchpin of critical technology.
U.S. index futures were solidly pointing to a higher open by Wall Street stocks on Thursday, which happens to be the penultimate trading session of the year.
TSMC is poised to generate an around 15% sequential decline in first-quarter revenue, when its fab capacity utilization rates fall substantially, according to industry sources.
Samsung Electronics Co, Ltd (OTC: SSNLF) looks to ramp chip production capacity at its largest semiconductor plant next year, despite forecasts of an economic slowdown.