The Dow Jones Index hit a record high for the second consecutive day, driven by Taiwan’s TSMC’s performance surpassing market expectations and strong U.S. economic indicators.
In the New York stock market, the Dow Jones closed up 0.37% at 43,239.05, setting another record high.
The tech-heavy Nasdaq Index also rose by 0.04%.
TSMC’s stock price soared by 9.79%, achieving a record performance with its third-quarter net profit increasing by 54% compared to last year. Other semiconductor stocks such as Nvidia also rose sharply.
Strong U.S. retail sales and labor market data, which were better than expected, also contributed to the upward trend.
The U.S. Department of Commerce reported that retail sales in September increased by 0.4% from August to $714.4 billion.
Additionally, the U.S. Department of Labor recorded 241,000 new unemployment claims last week, which was lower than market expectations.
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