NEW YORK, Jan. 15, 2026 — U.S. stock futures moved higher on Thursday as investors reacted to TSMC’s strong quarterly report, sending ripples across the semiconductor sector. TSMC, the world’s leading producer of advanced AI chips, projected robust growth for the year and signalled plans to expand its U.S. manufacturing capacity. Traders responded quickly, pushing U.S.-listed TSMC shares up 5.4 percent in premarket trading. Other chipmakers followed suit, with Nvidia, Broadcom, and Micron rising between 1.5 and 3.5 percent. Meanwhile, chip equipment companies saw even larger gains, with Applied Materials and Lam Research each climbing more than eight percent and KLA adding 6.3 percent. The surge underscored how closely global technology markets respond to TSMC’s performance and guidance.

Banks Conclude Earnings Season

Goldman Sachs and Morgan Stanley wrapped up the U.S. bank earnings season with reports showing quarterly profit increases, largely supported by active dealmaking in recent months. Morgan Stanley’s shares advanced 0.7 percent, while Goldman Sachs slipped 1.7 percent despite a 63 percent rise in its stock over the past year. Some investors expressed caution, noting that even with broadly solid results, financial stocks face uncertain headwinds, including the potential introduction of a one-year cap on credit card interest rates at 10 percent. BlackRock rose 2.4 percent, buoyed by gains in fee income and assets under management, which reached a record $14.04 trillion in the fourth quarter.

Markets Rebound After Early Losses

The broader market recovered after two days of declines that marked the largest drops of the year for both the S&P 500 and Nasdaq. By 8:33 a.m. Eastern Time, S&P 500 E-minis were up 0.47 percent, Dow E-minis edged down 0.09 percent, and Nasdaq 100 E-minis rose 0.98 percent, reflecting cautious optimism among investors. Traders shifted their focus from broader economic indicators and geopolitical developments to company fundamentals as earnings reports increasingly influenced market activity. Analysts expect S&P 500 companies to report average profit growth of 8.8 percent compared with the same quarter last year, a projection that underpinned early trading optimism and contributed to the rebound in futures.

Sector Rotation Influences Trading Patterns

Investors Shift from Technology to Undervalued Sectors: Equities experienced rotation as investors moved out of richly valued technology stocks into sectors that appeared undervalued following the recent rally. Analysts said this reflected a reassessment of which industries could sustain gains after strong performance across the broader market. The rotation also indicated that traders were looking for opportunities in areas with relatively lower valuations while monitoring corporate earnings closely.

Earnings and Momentum Drive Market Sentiment: Geopolitical events and new economic data had limited influence on trading patterns, underscoring the prominent role of corporate earnings in shaping investor behavior. Traders noted that momentum in the chip sector could continue if technology companies deliver results aligned with TSMC’s optimistic guidance. Overall, sector rotation illustrated how earnings reports and company outlooks increasingly drive short-term market moves across multiple industries.