The S&P 500 Index ($SPX) (SPY) today is up +0.20%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.11%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.31%.
Stock indexes today are mildly higher, with the Dow Jones Industrials posting a new record high. Today's rebound in chip stocks after the plunge earlier this week is supporting gains in the overall market after Taiwan Semiconductor Manufacturing Co, provider of chips to Apple and Nvidia, reported better-than-expected Q2 results and lifted projections for 2024 revenue growth. Stock indexes maintained their gains after US weekly continuing unemployment claims rose to a 2-1/2 year high, a dovish factor for Fed policy.
