Chip Rally Lifts U.S. Futures as Banks Edge Higher

U.S. stock futures edged higher Thursday night as gains in banks and chip stocks improved sentiment. Nasdaq 100 futures rose 0.25%, the Dow Jones Industrial Average 0.06%, and the S&P 500 0.15% at 9:12 p.m. ET. In Thursday’s session, the S&P 500 and Nasdaq climbed around 0.3% while the Dow gained about 0.6% and the Russell 2000 led with a ~0.9% advance. Chip names were in focus after Taiwan Semiconductor reported strong Q4 results, helping Nvidia and AMD rise roughly 2%, and Goldman Sachs and Morgan Stanley lifting banks higher. Despite the intraday gains, major indexes are on track for weekly losses.