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

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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.

 

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