The S&P 500 Index ($SPX) (SPY) today is up by +0.36%, the Dow Jones Industrials Index ($DOWI) (DIA) is up by +0.27%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up by +0.65%.
Stocks today are moderately higher, with the S&P 500 and Dow Jones Industrials posting new record highs. A recovery in chip stocks is boosting the overall market after Taiwan Semiconductor Manufacturing reported a better-than-expected 54% increase in Q3 net income and raised its target for 2024 revenue growth. Stock index futures extended their gains after US Sep retail sales rose more than expected, bolstering confidence in the US economy and improving the outlook for a soft landing.
