The Economic Times

US stock market surges today: Why Dow, S&P 500, and Nasdaq rebounded after a four-day losing streak - Chip stocks rally as TSMC earnings revive AI confidence

US stock market surges today. Dow, S&P 500, Nasdaq rebounded today after four-day losses. The Dow rose over 118 points. The S&P 500 gained 0.5%. The Nasdaq climbed nearly 1%. Chip stocks led after TSMC posted a record quarter and a 35% profit surge, easing AI demand fears. Bank earnings beat estimates. Falling oil prices and stronger jobs data added support, lifting overall market confidence.