FX.co ★ US Stocks Rise as Corporate Results and AI Boom Lift Markets

On Thursday, U.S. stocks made gains, with the S&P 500 and Dow Jones each increasing by 0.2%, and the Nasdaq Composite rising by 0.6%. This uptick followed a volatile previous session as investors concentrated on corporate earnings and an AI rally gaining momentum, buoyed by Taiwan Semiconductor Manufacturing's raised revenue-growth target. The sectors leading the gains included communication services, technology, and utilities, while financials lagged behind. Notably, Nvidia climbed by 1.4%, Alphabet by 1.5%, Broadcom by 1.7%, and Micron Technology by 2.3%. Charles Schwab saw a 0.5% increase following a robust earnings report, while Salesforce surged over 6% after revising its guidance upwards. In contrast, Bank of New York Mellon dipped by 0.4% despite stronger quarterly profits, and United Airlines declined by 1.6% following a revenue shortfall. In the broader market, investors seemed to overlook the escalating U.S.-China trade tensions and the ongoing federal government shutdown, which has postponed the release of essential economic data.