(For a Reuters live blog on U.S., UK and European stock
markets, click or type LIVE/ in a news window.)
*
Domino's Pizza tumbles after Q2 same-store sales miss
*
D.R. Horton ( DHI ) falls after tightening home sales forecast
*
Beyond Meat ( BYND ) falls on balance-sheet restructuring news
*
Warner Bros Discovery ( WBD ) up on report of considering break-up
plan
*
Futures: Dow down 0.15%, S&P 500 up 0.13%, Nasdaq up 0.39%
(Updated at 6:56 a.m. ET/1056 GMT)
By Lisa Pauline Mattackal and Ankika Biswas
July 18 (Reuters) -
Nasdaq futures rose on Thursday, thanks to an upbeat
forecast from Taiwan Semiconductor Manufacturing that lifted
chip stocks and a rebound in megacaps following a sharp sell-off
in the previous session.
U.S.-listed shares of TSMC rose 1.5% in premarket
trading after the world's largest contract chipmaker raised its
full-year revenue forecast on surging demand for AI chips.
Apple ( AAPL ) and Nvidia ( NVDA ), both TSMC customers,
climbed 0.6% and 2.5%, respectively. Other chipmakers including
Advanced Micro Devices ( AMD ), Intel ( INTC ), Marvell
Technology and Arm Holdings rose over 1% each.
Barring Intel ( INTC ), chip stocks lost over $500 billion in market
value in Wednesday's session following a report that the U.S.
was mulling tighter curbs on exports of advanced semiconductor
technology to China. Comments on Taiwan from Republican
presidential candidate Donald Trump also drove losses.
The Philadelphia SE Semiconductor index logged its
worst day in four years on Wednesday. The rout in chip stocks
also pressured megacap shares.
The group of so-called "Magnificent 7" stocks rose, with
Meta Platforms ( META ), Tesla and Amazon.com