Big earnings from Taiwan Semiconductor (TSMC) sent US markets higher on Thursday, with the Dow, S&P 500 and Nasdaq all posting gains.
Market Overview
At 9:34 a.m. ET, the Dow Jones rose 146.42 points (0.30%) to 49,296.05. The S&P 500 added 40.50 points (0.58%) to finish at 6,967.10, and the Nasdaq climbed 197.64 points (0.84%) to 23,669.39. Early in the session, the indexes were already up, showing the rally started quickly.
Key Stock Movers
- TSMC (US‑listed): +3.7% after reporting better‑than‑expected Q4 profit and saying it may spend up to $56 billion on new equipment to ride the AI boom.
- ASML: +6.7% as the chip‑making supply chain gained momentum.
- Nvidia: +2.95% following the broader semiconductor lift.
- Broadcom: +1.4% and Micron: +1.9% also rose.
- BlackRock: +4.5% after beating profit and revenue estimates.
- Morgan Stanley: +3.4% on strong earnings.
- Goldman Sachs: –0.1% despite beating profit forecasts, because revenue missed expectations.
- Boston Scientific: –5.5% after announcing a $14.5 billion acquisition of Penumbra, whose shares jumped 11.3%.
Bond Market
The 10‑year Treasury yield ticked up to 4.14% from 4.12%.
Gold and Other Metals
- Spot gold: down 0.3% at $4,607.59 per ounce.
- Gold futures (Feb): –0.5% at $4,612.50.
- Silver: –3.6% to $89.29 per ounce.
- Platinum: –0.4% to $2,375.55 per ounce.
- Palladium: –1.8% to $1,806.68 per ounce.
Crude Oil
Oil prices fell about 5% after President Donald Trump hinted that the US would not take immediate military action against Iran. Brent slipped to $63.42 per barrel and WTI dropped to $58.83 per barrel.
Disclaimer
Remember, this is just an overview, not a prediction. Always do your own research and consider your risk tolerance before making any investment decisions.