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

Dow Jones Industrial Average rose to 49,267.93, adding 118.30 points, or 0.24%. The S&P 500 climbed 0.55% to 6,964.54, while the gained 0.84% to end at 23,670.02. The rally was led by semiconductor stocks after Taiwan Semiconductor Manufacturing Company reported a blockbuster quarterly performance. The world’s largest contract chipmaker posted a 35% jump in profit, its strongest growth in years, reinforcing optimism that demand tied to artificial intelligence remains resilient despite geopolitical and trade ...