US: Wall St rises with TSMC results supporting renewed AI optimism
Add BT as a preferred source
[NEW YORK] Wall Street’s main indexes opened higher on Thursday (Oct 16), driven by an upbeat quarterly update from TSMC that added to investor optimism around AI and extended a rally in chip stocks.
The Dow Jones Industrial Average rose 35.8 points, or 0.08 per cent, at the open to 46,289.09.
The S&P 500 rose 18.0 points, or 0.27 per cent, to 6,689.02, while the Nasdaq Composite rose 94.3 points, or 0.42 per cent, to 22,764.398. REUTERS
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Share with us your feedback on BT's products and services
TRENDING NOW
Singapore staff first to go in Meta’s 8,000 global job cuts
Xi Jinping has just rewritten the rules of US-China rivalry
‘Even a CEO’s job can be replaced by AI’: DBS CEO Tan Su Shan bets big on agentic AI
OpenAI picks Singapore for first Applied AI Lab outside US in S$300 million push to tap ‘incredible talent here’
