U.S. Stock Market indexes fared positively at the Wall Street on Thursday. The S&P 500 rose 0.3 per cent and snapped the two-day losing streak it had been on since setting an all-time high. The Dow Jones Industrial Average added 292 points, or 0.6 per cent, and the Nasdaq composite rose 0.2 per cent. All told, the S&P 500 rose 17.87 points to 6,944.47. The Dow Jones Industrial Average added 292.81 to 49,442.44, and the Nasdaq composite gained 58.27 to 23,530.02.
Nvidia was one of the heaviest weights on the S&P 500 Wednesday after sinking 1.4 per cent. But it rose 2.1 per cent after TSMC Chief Financial Officer Wendell Huang said it’s seeing “continued strong demand” in an encouraging signal for the entire AI industry.
TSMC is a crucial player as a major supplier for Nvidia and other giants and as a key customer for ASML and other providers. TSMC’s stock that trades in the United States rose 4.4 per cent, while ASML’s U.S.-listed stock rallied 5.4 per cent.
Other chip-related companies helped lead the U.S. stock market, including gains of 7.7 per cent for KLA Corp. and 5.7 per cent for Applied Materials.
Also helping to calm financial markets was a sharp easing in oil prices.
Earnings reporting season for big U.S. companies continued to pick up pace, meanwhile, with several more big financial companies delivering their results for the last three months of 2025.
BlackRock, the giant that’s now overseeing more than $14 trillion in investments, rose 5.9 per cent after reporting stronger profit and revenue than analysts expected.
Morgan Stanley climbed 5.8 per cent after likewise delivering stronger profit and revenue than expected. Goldman Sachs rose 4.6 per cent after the investment bank topped analysts’ forecasts for profit but fell short on revenue.
Outside of earnings, Boston Scientific fell 4 per cent after announcing it‘s buying Penumbra, whose products help remove blood clots, in a cash and stock deal valued at roughly $14.5 billion. Penumbra’s stock jumped 11.8 per cent.
ET Budget Survey: Tell us your wishlist
Nvidia and other formerly high-flying AI stocks helped lift the market after Taiwan Semiconductor Manufacturing Co., a major supplier to the industry, reported a stronger profit for the latest quarter than analysts expected. TSMC also said it could boost its investment in equipment to $56 billion this year to take advantage of the AI boom.Nvidia was one of the heaviest weights on the S&P 500 Wednesday after sinking 1.4 per cent. But it rose 2.1 per cent after TSMC Chief Financial Officer Wendell Huang said it’s seeing “continued strong demand” in an encouraging signal for the entire AI industry.
TSMC is a crucial player as a major supplier for Nvidia and other giants and as a key customer for ASML and other providers. TSMC’s stock that trades in the United States rose 4.4 per cent, while ASML’s U.S.-listed stock rallied 5.4 per cent.
Other chip-related companies helped lead the U.S. stock market, including gains of 7.7 per cent for KLA Corp. and 5.7 per cent for Applied Materials.
Also helping to calm financial markets was a sharp easing in oil prices.
Earnings reporting season for big U.S. companies continued to pick up pace, meanwhile, with several more big financial companies delivering their results for the last three months of 2025.
BlackRock, the giant that’s now overseeing more than $14 trillion in investments, rose 5.9 per cent after reporting stronger profit and revenue than analysts expected.
Morgan Stanley climbed 5.8 per cent after likewise delivering stronger profit and revenue than expected. Goldman Sachs rose 4.6 per cent after the investment bank topped analysts’ forecasts for profit but fell short on revenue.
Outside of earnings, Boston Scientific fell 4 per cent after announcing it‘s buying Penumbra, whose products help remove blood clots, in a cash and stock deal valued at roughly $14.5 billion. Penumbra’s stock jumped 11.8 per cent.
