Last night, the three major U.S. stock indices closed lower collectively, while gold hit a new all-time high!
$Nasdaq Composite Index (.IXIC.US)$Closed down 0.47%,
$S&P 500 Index (.SPX.US)$Closed down 0.63%,
$Dow Jones Industrial Average (.DJI.US)$Closed down 0.65%
$XAU/USD (XAUUSD.CFD)$Last night, it continued to rise, and driven by the credit crisis, it broke through $4,300 to reach a new all-time high of $4,380.06, with year-to-date gains exceeding 60%.
Market sentiment was impacted last night by the loan defaults of two American community banks.
1. Strong earnings from technology stocks pushed the U.S. stock market to open higher.
last night
$NASDAQ 100 Index (.NDX.US)$ Supported by strong technology stock earnings, the market opened higher and continued to rise, with gains reaching nearly 1% at one point during early trading.
The main market sentiment was driven by Taiwan Semiconductor's better-than-expected earnings report released yesterday afternoon.
$Taiwan Semiconductor (TSM.US)$As the upstream foundry for leading U.S. technology companies, its performance is often regarded as a barometer for downstream enterprises; historically, the market frequently viewed Taiwan Semiconductor’s results as a preview of Apple’s performance.
NVIDIA’s share of business at Taiwan Semiconductor is also increasing, so this can be viewed as a preview of NVIDIA's performance. Strong results from NVIDIA indicate that capital expenditure in the technology sector remains robust, and the AI narrative continues to gain momentum.
Let us now take a closer look at Taiwan Semiconductor’s financial performance, which is the fundamental driver behind the rise in U.S. stocks:
Taiwan Semiconductor reported Q3 revenue of 9899....
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