Taiwan Semiconductor Manufacturing Company (TSM) reported better-than-expected second-quarter results and raised its full-year revenue outlook. The report initially boosted semiconductor stocks like Nvidia (NVDA) and Advanced Micro Devices (AMD) but reversed course as the morning progressed, helping to drag the Nasdaq (^IXIC) down. Overall, stocks have been trending higher in recent days as investors bet the Federal Reserve will start cutting interest rates in September.
At 10 a.m. ET, Chicago Fed President Austan Goolsbee will share his thoughts on interest rates and inflation with Yahoo Finance.
Other stocks trending on Yahoo Finance include Netflix (NFLX), Intel (INTC) and Nokia Oyj (NOK).
Today’s featured guests are:
9:00 AM ET – Brian Jacobsen, Chief Economist and Strategist at Annex Wealth Management
9:20am ET – Tom Fitzgerald, TD Cohen Vice President, Airlines and Related Industries
10:40 a.m. ET – Sharon Bell, senior equity strategist at Goldman Sachs, and Carsten Breszczek, global head of macro research at ING
11:00 AM ET – Sam Stovall, chief investment strategist at CFRA Research
11:25 a.m. ET – Jonathan Gray, President and COO of Blackstone