Samsung preliminary Q3 earnings surge on memory demand but miss estimates; Taiwan Semi sales due overnight

Samsung reported preliminary Q3 earnings showing skyrocketing profit on red-hot memory-chip demand and pricing, though the results still missed estimates. Full results are due later this month. Micron, Sandisk, and SK Hynix edged higher overnight. Taiwan Semiconductor reports September and Q3 sales overnight, with full Q3 earnings and guidance due next week. The stock market retreated Wednesday but came off lows as the 10-year yield hit a 24-year high of 5.36% before pulling back after a strong auction.