'The Dow advanced 292.81 points (0.6%) to 49,442.44, the Nasdaq climbed 58.27 points (0.3%) to 23,530.02 and the S&P 500 rose 17.87 points (0.3%) to 6,944.47.
Early strength on wall street was partly driven by upbeat earnings from taiwan semiconductor (tsm), which surged 4.4% after posting a sharp rise in fourth-quarter profits and unveiling larger-than-expected capital spending plans. The results reinforced optimism around the artificial intelligence boom, with analysts noting the company’s confidence reflected in its 30% growth guidance for 2026.
Positive sentiment was further supported by u.s. Labor data showing initial jobless claims unexpectedly fell to 198,000 in the week ended january 10, down from a revised 207,000. The decline, contrary to forecasts of an increase, signaled ongoing labor market resilience and added to the market’s upbeat tone.
Airline stocks significant moved upwards, with the NYSE Arca Airline Index surging by 2.6%. Semiconductor stocks was ...
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