Major US stock indices rose at the open on Thursday after TSMC’s blockbuster earnings sparked a rally in chip shares.
Investors parsed earnings from Morgan Stanley and Goldman Sachs.
At the opening bell, the Dow Jones Industrial Average rose 51.5 points, or 0.10%, to 49,201.1. The S&P 500 rose 42.9 points, or 0.62%, to 6,969.46, while the Nasdaq Composite rose 222.2 points, or 0.95%, to 23,693.969.
So, who is driving this shift? Public shareholders backed largely by institutional investors such as mutual funds, foreign portfolio investors (FPIs) and individuals are steadily increasing their ownership in listed…
Shares of US drugmaker Pfizer Inc. slumped on Tuesday following a fourth quarter loss due to a large write-down. It also forecast lower revenues for 2026. The pharma giant highlighted…
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