Stock Indexes Rally on Chip Demand Optimism

The S&P 500 Index ($SPX) (SPY) today is up +0.55%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.20%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +1.00%.  March E-mini S&P futures (ESH26) are up +0.50%, and March E-mini Nasdaq futures (NQH26) are up +0.97%.

Stock indexes are moving higher today, led by a rally in chip makers after Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest dedicated contract chipmaker, revived confidence in the sustainability of artificial-intelligence demand.  TSMC forecasted stronger-than-expected Q1 sales and boosted its 2026 capital expenditure forecast to $52 billion-$56 billion from $40.9 billion in 2025.