Reported about 1 month ago
On October 17, 2024, the US stock market saw significant gains, with the Dow Jones Industrial Average reaching a new record high. Strong performance from Taiwan Semiconductor Manufacturing Company (TSMC) and positive retail sales data contributed to the surge, boosting shares of technology giants like Nvidia and AMD as well. TSMC reported a 54% increase in quarterly profit and enhanced its revenue forecast, drawing optimism back to the semiconductor sector, while Netflix also experienced an after-hours price jump following positive earnings.
Source: YAHOO