Stock market today: Asian shares zoom higher, with Nikkei over 42,000 after Wall St sets new records

The Nikkei 225 jumped 0.9% to close at 42,224.02, again surpassing its all-time high after closing at records on Tuesday and Wednesday.

TSMC’s U.S.-listed shares rose 3.5% on Wednesday after it said its revenue climbed nearly 33% in June from a year earlier. The company makes chips forThe promise of big profits in the future from AI has sent Nvidia in particular to breathtaking heights over the last year, and Nvidia rose another 2.7% Wednesday to bring its gain for the year so far to 172.5%.

Later Thursday, the U.S. government will release the latest monthly update on inflation. Economists expect it to show U.S. consumers paid prices for food, airline tickets and everything else that were 3.1% higher in June than a year earlier. That would be a touch slower than May’s 3.3% inflation rate.

In other dealings, U.S. benchmark crude oil gained 60 cents to $82.70 per barrel in electronic trading on the New York Mercantile Exchange.Costco Hikes Annual Membership Fee for First Time Since 2017 Investors can earn $154 in monthly cash by investing in this 8% dividend stock. The post This 8% Dividend Stock Pays Cash Every Month appeared first on The Motley Fool Canada.These Canadian blue-chip stocks are backed by strong fundamentals, enabling them to generate steady capital gains and dividend income. The post Canadian Blue-Chip Stocks: The Best of the Best for July appeared first on The Motley Fool Canada.

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