U.S. stocks close》Vote in the U.S. midterm elections! U.S. stocks were mixed, TSMC ADR rose 1.55%

U.S. stocks were mixed on Tuesday (3rd) as investors awaited the results of the U.S. midterm elections and funds returned to semiconductor and artificial intelligence (AI) stocks that had been sold off recently. (Bloomberg)

[Instant News/Comprehensive Report] Investors are waiting for the results of the U.S. midterm elections, and funds are returning to semiconductor and artificial intelligence (AI) stocks that have been sold off recently. U.S. stocks were mixed on Tuesday (3rd). The Philadelphia Semiconductor Index rose by 2.63%, the Nasdaq Index rose by 0.83%, the Dow Jones closed at about 197 points, and the Taiwanese stock ADRs were mixed. TSMC ADR rose 1.55%

U.S. stocks were mixed on Tuesday, with funds returning to semiconductor and AI stocks. This rebound allowed technology stocks to regain some lost ground, but the market's doubts about AI's huge expenditures, financing costs and investment returns have not yet subsided. Although the Nasdaq 100 is up about 0.7%, it is still about 10% below its recent high. Although the S&P 500 ended in the red, most of its constituent stocks fell, indicating that the rally was mainly driven by some large technology stocks.

The U.S. midterm elections take place on Tuesday, and the results will determine control of Congress starting in January next year. If the Democratic Party wins either house, it may also change the direction of congressional investigation and supervision, affecting industries such as national defense, AI, and healthcare.

JPMorgan Chase previously pointed out that if the Democrats win both the House of Representatives and the Senate, it may put pressure on the market, and AI stocks will be particularly vulnerable. However, some strategists believe that the election results themselves will help reduce uncertainty and provide breathing space for the stock market, which has been under recent pressure.

In the bond market, U.S. JOLTS job openings increased by 333,000 to 7.523 million in September, hitting a 4-month high, exceeding market expectations, and U.S. bond prices fell. The U.S. dollar index rose, with USD/JPY rising to about 158.73 yen.

The Dow Jones Industrial Average fell 197.26 points, or 0.38%, to 51,786.72.

The Nasdaq rose 207.65 points, or 0.83%, to 25,372.01 points.

The S&P 500 index rose 27.52 points, or 0.36%, to 7,568.92 points.

The Philadelphia Semiconductor Index rose 272.07 points, or 2.63%, to 10,600.40 points.