Reported about 1 year ago
On July 8, 2024, at 8:23 PM, Taiwan Television News reported the performance of the US stock market. Chip stocks continued to rise, with NVIDIA up nearly 2% and Intel skyrocketing over 6%. Buoyed by the semiconductor sector, all four major indices trended upwards. The Dow Jones Industrial Average closed down 31 points at 39,344; the Nasdaq Composite rose 50 points to 18,403, reaching a historic high; the S&P500 gained 5.66 points, closing at 5,572, also hitting a record high; and the Philadelphia Semiconductor Index climbed 108 points to 5,765. Amidst these developments, TSMC's stock price surged above NT$1,050, with the Taiwan stock market hitting a new high of 24,000 during trading hours. Experts warn of potential volume reversal and negative pressures. With Bitcoin at a two-month low, funds are flowing from cryptocurrency to technology stocks, witnessing an extraordinary moment for the semiconductor industry, with TSMC surpassing NT$1,005 per share to become a 'thousand-dollar stock.'
Source: YAHOO