U.S. stocks were mixed on Tuesday, with the Nasdaq hitting a new high and the Dow, S&P falling slightly.
Quick Look
- The performance of U.S. stocks was divided on Tuesday.
- Driven by the AI craze, the Nasdaq index hit new closing highs in consecutive days, and the Philadelphia Semiconductor Index rose by more than 2%.
- The Dow Jones Industrial Average fell 185 points and the S&P 500 ended slightly lower.
AI-generated summary
Why It Matters
The craze for AI artificial intelligence continues to ferment, driving the performance of chip stocks and technology stocks. At the same time, international oil prices continued to fall, U.S. bond yields fell, and the market paid attention to U.S. President Trump’s stance on U.S.-Iran negotiations and his meeting with Chinese President Xi Jinping.
The craze for AI artificial intelligence continues to ferment, and chip stocks continued their gains on Tuesday, driving the Nasdaq index to new closing highs for several days, and the Philadelphia Semiconductor Index also rose by more than 2%. However, the Dow Jones Industrial Average fell 185 points and the S&P 500 ended slightly lower. (Reuters)
[Instant News/Comprehensive Report] The AI artificial intelligence craze continues to ferment. Chip stocks continued their gains on Tuesday, driving the Nasdaq Index to hit new closing highs for consecutive days, and the Philadelphia Semiconductor Index also rose by more than 2%. However, the Dow Jones Industrial Average fell 185 points and the S&P 500 ended slightly lower. All Taiwan stock ADRs closed in the red, with TSMC ADRs up 1.54%
U.S. stocks were mixed on Tuesday, as the AI craze continued to ferment, driving technology stocks to perform strongly. The Nasdaq index hit a record high during the session and ended up 122 points higher. The Philadelphia Semiconductor Index also performed well, rising more than 2% or more than 256 points.
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The continued decline in international oil prices also provided support for the market. Brent crude oil futures fell 1.09% to close at US$99.25 per barrel; West Texas crude oil futures fell 1.24% to close at US$94.59 per barrel, both falling for the fifth consecutive day.
The U.S. 10-year Treasury yield fell slightly on Tuesday to around 4.959%. The market continues to pay attention to Trump's latest remarks on the US-Iran negotiations, as well as Trump's meeting with Chinese President Xi Jinping in Washington this week. Investors' risk aversion has increased. The Dow Jones Industrial Average fell 185 points at the end, while the S&P 500 Index closed slightly lower.
In addition, it is reported in the industry that TSMC's 1.4nm (A14) process is ahead of schedule. The CyberShuttle (wafer sharing) service has been launched in the second quarter of this year. Trial production is expected in the first quarter of 2027, and mass production will be as soon as the fourth quarter of the same year. TSMC's ADR rose by 1.54%.
The Dow Jones Industrial Average fell 185.14 points, or 0.36%, to close at 51,863.69 points.
The S&P 500 index fell slightly by 0.06 points or 0.00% to close at 7764.64 points.
The Nasdaq index rose 122.18 points or 0.45% to close at 27244.28 points.
The Philadelphia Semiconductor Index rose 256.65 points or 2.06% to close at 12689.82 points.
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What to Watch
AI outlook — possibilities, not facts
TSMC will trial production of A14 process in the first quarter of 2027
Likely · Within months
Open Questions
- What are the specific topics of the meeting between Trump and Xi Jinping?
- Will the US-Iran negotiations achieve substantial progress?
- Will the trial production and mass production schedule of TSMC's A14 process advance as expected?
