We revisit Nisan's classical pseudorandom generator (PRG) for space-bounded computation (STOC 1990) and its applications in streaming algorithms. We describe a new generator, HashPRG, that can be thought of as a symmetric version of Nisan's generator over larger alphabets. Our generator allows a trade-off between seed length and the time needed to compute a given block of the generator's output. HashPRG can be used to obtain derandomizations with much better update time and \emph{without sacrificing space} for a large number of data stream algorithms, such as $F_p$ estimation in the parameter regimes $p > 2$ and $0 < p < 2$ and CountSketch with tight estimation guarantees as analyzed by Minton and Price (SODA 2014) which assumed access to a random oracle. We also show a recent analysis of Private CountSketch can be derandomized using our techniques. For a $d$-dimensional vector $x$ being updated in a turnstile stream, we show that $\|x\|_{\infty}$ can be estimated up to an additive error of $\varepsilon\|x\|_{2}$ using $O(\varepsilon^{-2}\log(1/\varepsilon)\log d)$ bits of space. Additionally, the update time of this algorithm is $O(\log 1/\varepsilon)$ in the Word RAM model. We show that the space complexity of this algorithm is optimal up to constant factors. However, for vectors $x$ with $\|x\|_{\infty} = Θ(\|x\|_{2})$, we show that the lower bound can be broken by giving an algorithm that uses $O(\varepsilon^{-2}\log d)$ bits of space which approximates $\|x\|_{\infty}$ up to an additive error of $\varepsilon\|x\|_{2}$. We use our aforementioned derandomization of the CountSketch data structure to obtain this algorithm, and using the time-space trade off of HashPRG, we show that the update time of this algorithm is also $O(\log 1/\varepsilon)$ in the Word RAM model.