Microsoft Corp and Tesla Inc rose ahead of their quarterly results due after markets close, helping the Nasdaq outperform the other two major indexes. — Reuters pic
The Philadelphia semiconductor index rose 0.6 per cent after Texas Instruments Inc forecast third-quarter revenue above estimates as a global shift to work-from-home boosted demand for chips used in tablets, personal computers and servers.
Earlier today, futures had taken a hit after Washington told China to close its consulate in Houston, citing a need to protect American intellectual property and information, deepening a deterioration in bilateral relations. A source said Beijing was considering shutting down the US consulate in Wuhan.
Source: News Formal (newsformal.com)
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