Stock Market Today: Nasdaq Outperforms as Chip Stocks Pop

Well-received earnings from Taiwan Semiconductor generated a halo effect on other semiconductor stocks.

blue stock market chart with red and teal bars and green moving average
(Image credit: Getty Images)

A busy day on Wall Street ended in a higher finish for stocks. In addition to a mixed batch of economic data, investors took in an onslaught of corporate earnings reports.  

Today's economic calendar was jam-packed. The Labor Department kicked things off bright and early this morning with data showing initial jobless claims fell by 16,000 last week to 187,000 – the lowest level since September 2022.

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Karee Venema
Senior Investing Editor,

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.