Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Trump, Xi Focus on Trade and AI at White House Summit 
Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
Fed Unveils Stablecoin Rules Under GENIUS Act 
U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Japan Private-Sector Growth Slows as Domestic Demand Weakens 
Oil Prices Ease as Iran Tensions Clash With Diplomacy Hopes 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Add as a preferred source on Google
Wall Street’s main indexes climbed on Thursday, supported by strong earnings from Taiwan Semiconductor Manufacturing Company (TSMC) that reinforced investor optimism about artificial intelligence (AI) and extended a rally in chip stocks. TSMC, the world’s largest maker of advanced chips, raised its full-year revenue forecast, citing surging demand from AI spending. Despite initial gains of over 2% before the opening bell, U.S.-listed TSMC shares slipped 1.1% amid volatile trading.
The upbeat sentiment spread across major U.S. chipmakers. Nvidia rose 1.2%, Micron Technology advanced 2.7%, and Broadcom gained 1.3%, lifting the S&P 500 tech sector by 0.5%. Analysts said investor enthusiasm for AI continues to be fueled by strong spending from tech giants and hyperscalers, with investors now exploring adjacent opportunities beyond traditional chipmakers.
Recent positive momentum in AI-related stocks and expectations of U.S. interest rate cuts have supported markets in recent months. Strong earnings from major banks also highlighted economic resilience, even as official macroeconomic data remain delayed due to the ongoing government shutdown.
At 10:02 a.m. ET, the Dow Jones Industrial Average rose 83.57 points, or 0.18%, to 46,336.88. The S&P 500 gained 19.62 points, or 0.29%, to 6,690.68, while the Nasdaq Composite climbed 115.74 points, or 0.51%, to 22,785.82. The S&P 500 communication services sector advanced 0.7%, while financials declined 0.9%.
In geopolitical news, tensions flared as China accused the U.S. of inciting panic over rare earth export controls, rejecting Washington’s call to ease restrictions. Meanwhile, President Donald Trump threatened to impose additional 100% tariffs on Chinese goods but remains open to meeting President Xi Jinping later this month.
Elsewhere, Salesforce shares surged 7.1% after projecting 2030 revenue above $60 billion, while Hewlett Packard Enterprise fell 8.6% on weaker profit guidance. J.B. Hunt jumped 17.7% following stronger-than-expected quarterly earnings.
