Stock Market Today: S&P 500 ends just lower as intraday climb cools

Investing.com -- The S&P 500 closed slightly lower Thursday after giving up intraday gains fueled by driven by better-than-expected retail sales data and surge in chipmaking heavyweight Taiwan Semiconductor Manufacturing Co. following stronger-than-expected Q3 results and guidance .) rose more than 9% after clocking a net profit of T$325.26 billion in the three months to September 30, it said in a press release. The figure was higher than a Reuters estimate of T$300.2 billion.

The chipmaker also provided an upbeat outlook for the current quarter, partly citing improved capacity utilization.rose by 0.4%, accelerating from an unrevised uptick of 0.1% in August, according to data from the Commerce Department. Economists had seen the reading at 0.3%. "There are some pockets of weakness in the details, but overall the data suggest that the consumer remains in relatively good shape overall," Jefferies said in a note.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Stock market today: S&P 500 closes lower as spike in Treasury yields weighStock market today: S&P 500 closes lower as spike in Treasury yields weigh
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: S&P 500 ends lower as stocks take breatherStock Market Today: S&P 500 ends lower as stocks take breather
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock market today: S&P 500 closes lower as rising Middle East tensions weighStock market today: S&P 500 closes lower as rising Middle East tensions weigh
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock market today: S&P 500 closes above 5,800 for first time ever as banks rallyStock market today: S&P 500 closes above 5,800 for first time ever as banks rally
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: The S&P 500 consolidates gains above 5700Stock Market Today: The S&P 500 consolidates gains above 5700
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »

Stock Market Today: S&P 500 rides Nvidia-led tech surge to close higherStock Market Today: S&P 500 rides Nvidia-led tech surge to close higher
Herkunft: Investingcom - 🏆 450. / 53 Weiterlesen »