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Stock Market Roars Back to Life: Major Indexes Soar as TSMC ADR Leads the Charge with 3.8% Surge - News Directory 3

Stock Market Roars Back to Life: Major Indexes Soar as TSMC ADR Leads the Charge with 3.8% Surge

September 10, 2024 Catherine Williams World
News Context
At a glance
  • Markets are closely watching inflation data released this week, including the August Consumer Price Index (CPI) and the Producer Price Index (PPI), as well as the Federal Reserve...
  • US stocks rebounded from their biggest weekly decline since 2023, with all four major indexes rising across the board.
  • The S&P 500 and Nasdaq Philadelphia Semiconductor Index also rose 2%, while the Nasdaq index of technology stocks closed up 193.77 points, or 1.16%, at 16,884.6 points.
Original source: tw.news.yahoo.com

US Stocks Rebound After Deep Fall: All Four Major Indexes Rise Across the Board

Markets are closely watching inflation data released this week, including the August Consumer Price Index (CPI) and the Producer Price Index (PPI), as well as the Federal Reserve interest rate decision-making meeting on the 19th in Taiwan.

US stocks rebounded from their biggest weekly decline since 2023, with all four major indexes rising across the board. The Dow Jones Industrial Average closed up 484.18 points, or 1.2%, at 40,829.59 points.

The S&P 500 and Nasdaq Philadelphia Semiconductor Index also rose 2%, while the Nasdaq index of technology stocks closed up 193.77 points, or 1.16%, at 16,884.6 points.

Among US-listed ADRs, TSMC ADR rose 3.8%, ASE ADR rose 2.46%, and UMC ADR also rose 1.81%.

Market Performance

  • Dow Jones Industrial Average: 40,829.59 points, up 484.18 points (1.2%)
  • S&P 500: 5,471.05 points, up 62.63 points (1.16%)
  • Nasdaq index of technology stocks: 16,884.6 points, up 193.77 points (1.16%)
  • Philadelphia Semiconductor Index: 4,625.78 points, up 97.57 points (2.15%)

Investors are advised to make careful decisions and be fully responsible for their investment results.

Related News

  • Could Taiwan’s stock market break out of previous day’s heavy bearish pressure zone: look at US employment data?
  • US employment data falls short of expectations, pulling Taiwan stock electronics group to face stress test
  • Taiwan Stocks FTV/Black Monday Watch! Analyst: Watch out for the second leg

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