U.S. stocks were mixed on Monday, Nov. 10, as investors weighed signs of cooling momentum in the semiconductor rally. The Dow Jones Industrial Average rose 0.2%, supported by energy and financial shares.
The S&P 500 slipped 0.1% and the Nasdaq composite fell 0.4% as chipmakers retreated after TSMC reported its slowest monthly sales growth in 18 months.
TSMC’s October revenue rose 16.9% year-over-year, fueling debate over whether the artificial intelligence boom is peaking even as major tech firms plan to spend more next year on AI infrastructure.
Sentiment in autos improved after China partially lifted export restrictions on Nexperia chips, easing a supply crunch for European carmakers.
Markets were steady on Tuesday, Nov. 11, with the S&P 500 edging up slightly, the Dow holding near flat and the Nasdaq slipping a bit.
SoftBank Group Corp. sold its entire $5.8 billion stake in Nvidia Corporation to raise cash for new artifical intelligence projects in OpenAI, Ampere Computing and ABB’s robotics arm, which together amount to over $30 billion in investments.
Meanwhile, banks’ synthetic securitizations jumped 18% to $673 billion this year as they look for ways to manage risk and free up more capital.
On Wednesday, Nov. 12, the Dow rose about 0.7%, the S&P 500 was roughly flat and the Nasdaq slipped around 0.3%.
China’s purchases of U.S. soybeans have stalled despite the trade truce, raising doubts about whether it will buy as much as the Trump administration expects, especially after months of heavy buying from South America.
The Trump administration also signaled plans to ease prices on goods like coffee and bananas with tariff cuts.
Meanwhile, the government shutdown is set to end after lawmakers passed legislation extending federal funding through Jan. 30, which includes full-year funding for the United States Department of Agriculture, military construction and the legislative branch.
U.S. stocks traded steadily Thursday, Nov. 13, as investors weighed tech sector news, with major indexes staying relatively stable.
A key headline came from Apple Inc. and Tencent, who reached an agreement allowing Apple to handle payments for purchases made inside WeChat’s mini apps and mini games.
In exchange, Apple will take a 15% cut, half of its usual 30% App Store fee, opening a new revenue stream for the company. The deal inevitably strengthens Apple’s position in the Chinese app economy.
U.S. equities were mixed Friday, Nov. 14, with the S&P 500 slipping about 0.1 %, the Dow dropping 0.7 % and the Nasdaq edging up 0.1 %.
The big market driver came from commodities after a Ukrainian drone strike damaged Russia’s Novorossiysk crude export port and temporarily halted some shipments, affecting near
