The S&P 500 Index ($SPX) (SPY) Thursday closed down by -0.02%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up by +0.37%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up by +0.08%.
Stock indexes on Thursday settled mixed, with the Dow Jones Industrials posting a new record high. Thursday's recovery in chip stocks lifted the broader market after Taiwan Semiconductor Manufacturing, the main chipmaker for Nvidia and Apple, eased chip demand concerns when it reported a better-than-expected 54% increase in Q3 net income and raised its target for 2024 revenue growth. Stronger-than-expected US economic news on weekly jobless claims and Sep retail sales supported stocks as it bolstered confidence in the US economy and improved the outlook for a soft landing.
