US retail sales, Yellen on tariffs, TSMC earnings

The tech sector is getting a boost higher Thursday morning after Taiwan Semiconductor Manufacturing Company (TSM) topped third quarter earnings results and raised its 2025 sales guidance.

Takeaways:

• US retail sales rose 0.4% month-over-month in September, above estimates of 0.3%, while initial jobless claims came out below expectations.
• US Secretary of the Treasury Janet Yellen is currently warning that former President Donald Trump's proposed tariffs will exacerbate inflation.
• US stock futures (ES=F, NQ=F, YM=F) move higher following Taiwan Semiconductor Manufacturing Company's (TSM) third quarter earnings results. Other earnings on deck for today include Netflix (NFLX) and regional bank M&T Bank (MTB).

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