Stock market today: Wall Street drifts around its records as the US economy keeps humming

NEW YORK — U.S. stocks are drifting around their records Thursday following the latest signals that the U.S. economy continues to hum.and other companies in the chip industry were helping to lead the way after global heavyweight Taiwan Semiconductor Manufacturing Co. reported bigger profit for the latest quarter than analysts expected. TSMC credited strong demand related to smartphones and artificial intelligence, and its stock that trades in the United States jumped 13.1%.

On Wall Street, insurer Travelers was another winner and rose 7.8% after reporting stronger profit and revenue for the latest quarter than analysts expected. Higher income made from its investments and elsewhere helped cover greater losses due to Hurricane Helene and severe wind and hail storms in multiple states.

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