Dow closes at another record high
Dow closes at another record high as chip stocks, retail data support
The Dow Jones Industrial Average advanced on Thursday to its fourth record close in the last five sessions, as stronger-than-expected monthly retail sales indicated a robust U.S. consumer and TSMC's upbeat forecast buoyed chipmakers' stocks.
Stock Market Today: Dow scores fresh record finish on upbeat retail-sales data
U.S. stocks were higher, with the Dow on pace for another record close, though equities were off their best levels of the session in afternoon trade. The Dow Jones Industrial Average was up 0.3%, near 43,208, after setting an intraday high of 43,289.76, according to FactSet Data.
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A monthly report on retail sales could provide clues to whether the Fed will go for "no cut" at its next meeting.
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The S&P 500 is on track to report 7% year-per-year earnings growth for the third quarter, according to estimates from FactSet.
Dow ends at another record high as chip stocks, retail data support
The Dow Jones Industrial Average ended higher on Thursday, its fourth record close in the last five sessions, as stronger-than-expected monthly retail sales indicated a robust U.S. consumer and chips stocks were buoyed by TSMC's upbeat forecast.
Dow sets another record high on chip stocks, retail data
The Dow Jones Industrial Average advanced on Thursday to its fourth record close in the last five sessions, as stronger-than-expected monthly retail sales indicated a robust US consumer and TSMC's upbeat forecast buoyed chipmakers' stocks.
Stock Market Today: Dow Gains on Strong September Retail Sales
Taiwan Semiconductor Manufacturing's earnings beat and solid outlook created tailwinds for several chip stocks.
Dow ends at another record high, chip stocks rally
The S&P 500 and the Nasdaq pared their gains to end essentially unchanged on Thursday, while the Dow notched a record closing high as investors parsed an array of mixed quarterly earnings and digested a series of robust economic reports.
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