Stock Market Update
17-Jul-25 11:00 ET
Chip stocks higher
Dow +69.23
at 44324.01,
Nasdaq +115.80
at 20846.29,
S&P +17.02
at 6280.72
[BRIEFING.COM] The major averages are trading in a relatively stable range that is modestly higher than their opening levels.
The information technology sector (+0.7%) is off to a notably faster start than yesterday's trade and now leads all sectors.
Though not a component of the S&P 500 information technology sector, shares of Taiwan Semiconductor Manufacturing (TSM 244.84, +7.28, +3.07%) are trading higher today after the company beat Q2 EPS expectations and issued above-consensus guidance for Q3.
Semiconductor stocks as a whole have benefitted, and the PHLX Semiconductor Index is currently up 0.7%.
