Stock Market Update
12-Mar-25 11:40 ET
Chipmakers outperform after Reuters report on TSM
Dow -208.55
at 41224.62,
Nasdaq +149.89
at 17585.98,
S&P +13.85
at 5585.92
[BRIEFING.COM] The S&P 500 (+0.3%) moved above its prior close over the last half hour, following the ebb and flow of mega caps.
Semiconductor stocks have exhibited relative strength through the entire session so far after Reuters reported that Taiwan Semiconductor Manufacturing (TSM 176.70, +5.72, +3.4%) discussed a joint foundry project with Intel (INTC 20.48, +0.70, +3.5%), NVIDIA (NVDA 114.68, +5.93, +5.5%), and Broadcom (AVGO 195.59, +5.50, +2.9%).
The PHLX Semiconductor Index (SOX) shows a 2.5% gain.
