TSM Oct 2024 80.000 put
- Yahoo Finance Video
Dow Jones notches new record, chip stocks leap higher
The Dow Jones Industrial Average (^DJI) closes at yet another record high this week, while the Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) ended the trading day around their respective flatlines. Yahoo Finance Senior Business Reporter Ines Ferré recaps the day's market action as chip stocks like Nvidia (NVDA) and Taiwan Semiconductor Manufacturing Company (TSM) drive the tech sector higher. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.
- Yahoo Finance
Stock market today: Dow hits fresh record, Nvidia and chip stocks jump
A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.
- Reuters
TSMC stock hits new high after posting forecast-beating earnings
TAIPEI (Reuters) -TSMC's Taipei-listed shares hit a record high on Friday after the chipmaker posted forecast-beating third-quarter earnings and gave a rosy outlook on strong artificial intelligence (AI) demand. The company, however, appeared to face some political uncertainty after U.S. media outlet The Information said the U.S. Department of Commerce is probing whether TSMC has been making AI or smartphone chips for China's Huawei, whose access to non-Chinese chips has been severely curtailed due to U.S. export controls. As the world's largest contract chipmaker, TSMC, whose customers include Apple and Nvidia, has benefited from a surge towards AI across a spectrum of industries.
