Stocks Climb on Renewed Optimism for AI Spending

The S&P 500 Index ($SPX) (SPY) today is up +0.27%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.06%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.46%.  March E-mini S&P futures (ESH26) are up +0.25%, and March E-mini Nasdaq futures (NQH26) are up +0.47%.

Stock indexes are mostly higher today, adding to Thursday’s rally, as chip stocks push higher on demand optimism.   Confidence that spending on artificial intelligence will continue is underpinning chip makers and data storage companies after Taiwan Semiconductor Manufacturing Co (TSMC), the world’s largest dedicated contract chipmaker, boosted its 2026 capital expenditure forecast on Thursday.  Higher bond yields are limiting the upside in stocks today, with the 10-year T-note yield up +2 bp to 4.19%.