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Stock Market Today: Dow Jones Soars 700 Points As Nvidia Rebounds; Cathie Wood Sells AI Leader As TSM Earnings Loom (Live Coverage)
Boosting the market was renewed hopes of a rate cut in June, which surged after the consumer price index trended lower in December.
TSMC Stock Jumps. The Nvidia Supplier’s Earnings Are Boosting Other Chip Stocks Too.
Taiwan Semiconductor Manufacturing reports a 57% jump in profit on strong demand for hardware to power AI systems.