Overview
The U.S. stock market closed higher today, supported by a rally in semiconductor stocks following TSMC's record quarterly earnings report and plans to expand capital investments by $56 billion. Economic indicators also showed improvement, providing additional positive momentum to the market.
| Nasdaq Composite | S&P 500 |
| Dow Jones Industrial Average | 1 South Korean won equals |
A Major News Story
- Semiconductor Stocks Rebound: TSMC announced record quarterly earnings and plans to increase capital investments significantly, causing semiconductor stocks to surge. NVIDIA jumped over 2%, and ASM reached an all-time high.
- Economic Indicator Improvement: New unemployment claims fell to the lowest level since November, indicating a significant decline, suggesting that layoffs have not increased substantially.
- Financial Sector Strength: Goldman Sachs and Morgan Stanley exceeded Wall Street's expectations in their fourth-quarter earnings, with Goldman Sachs up over 4% and Morgan Stanley climbing 6%, driven by strong asset management performance.
- Software Sector Challenges: The release of AI tool Claude Cowork disrupted the traditional software sector, causing stocks like Salesforce to decline amid concerns of increasing competition.
- Market Trends: Treasury yields rose, with the 10-year rate reaching 4.17%. Oil prices fell after announcements from President Trump indicating a temporary halt to Iran-related actions.
Tomorrow's Economic Indicators
| Time | Event |
|---|---|
| 23:15 | U.S. December Industrial Production |
| 01:00 | Fed Beige Book Release |
| 03:00 | U.S. Baker Hughes Oil Rig Count |
| 05:30 | Fed Vice Chair Jefferson's Speech |
General Opinion
Today's market was buoyed by strong performances in the semiconductor sector and solid economic data, which enhanced investor confidence. Despite challenges in the software sector, the overall market sentiment remains positive, with expectations of continued economic recovery bolstering investor optimism.
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