Leon Neal U.S. stock index futures on Friday pointed to a lower open, a day after Wall Street notched its best intraday performance since November 2022.
Here are some stocks to watch on Friday: U.S.-listed shares of Taiwan Semiconductor Manufacturing ( TSM ) climbed nearly 2% ahead of market open, after the world's largest contract chipmaker announced a ~45% Y/Y jump in July revenue.
Taiwan Semi ( TSM ) - which makes chips for some of the biggest tech companies in the world including Apple ( AAPL ) and Nvidia ( NVDA ) - said revenue in July came in at NT$256.95B ($7.94B), a 23.
6% increase from June and a 44.7% surge from July 2023. The July report pointed to continued demand for artificial intelligence chips and comes as a bit of a relief to a U.
S. technology sector gripped by an ongoing selloff. Gilead Sciences ( GILD ) stock was slightly higher in pre-market trading.
The drugmaker after hours on Thursday reported a 5% Y/Y rise in total Q2 product sales to $6.9B, as strong demand for its HIV and liver disease medicines more than offset falling sales of its COVID-19 therapy, Veklury. Gilead's ( GILD ) blockbuster HIV treatment Biktarvy brought in quarterly sales of $3.
2B. The Foster City, Calif.-based drugmaker also saw sales of its liver disease portfolio increasing 17% to $832M in Q2.
Earlier this year, Gilead ( GILD ) had boosted that portfolio with a $4.3B acquisition of CymaBay Therapeutics. See how GILD performed in charts .
Shares of Take-Two Interactive Software ( TTW.