(Il Sole 24 Ore Radiocor) - Milano, 15 gen - US shares were trading higher after two straight days of losses as investors digested earnings from chipmaker TSMC and more big banks.

A 35% rise in fourth quarter profits for TSMC, the world's largest contract chipmaker and a key supplier to the AI industry, boosted tech stocks, rekindling belief in the staying power of the AI trade. TSMC shares were up 5.41%.

After underwhelming big bank results earlier this week, Goldman Sachs weighed in today with record annual revenues and forecast-beating earnings though its shares remained unchanged in early trade. Morgan Stanley also posted better-than-expected quarterly earnings as too did BlackRock with shares rising 5.93% and 5.61%, respectively.

Oil prices meanwhile fell back as geopolitical tension in the Middle East eased after US president Donald Trump said he had received assurances from Iran leaders the killings in the country tied to unrest would stop.

At 1826 GMT, the Dow Jones was up 381.41 points, or 0.78%, at 49,531.04 points.

The S&P 500 was 44.30 points, or 0.64%, higher at 6,970.89 points.

The Nasdaq was gaining 202.83 points, or 0.86%, at 3,673.49.

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(RADIOCOR) 15-01-26 19:38:36 (0704) 5 NNNN