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