The four major U.S. stock indexes opened higher and higher today (4), continuing the gains of the previous day. Among them, the Dow Jones Industrial Average rose by more than 700 points, recovering the 30,000-point mark. The Feihan Index and TSMC ADR were even stronger, with an increase of at least 4%. . Investors bet central banks would follow suit and were forced to slow the pace of monetary tightening, while U.S. Treasury yields fell, boosting large growth and technology stocks.
The Dow rose more than 700 points, or 2.6%, in early trading, the S&P 500 and the Nasdaq Composite rose 2.4% and 2.8%, respectively, the Philadelphia Semiconductor Index rose 4.23%, and the TSMC ADR rose 3.95%.
Manufacturing data released a day earlier also fell short of market expectations, suggesting higher interest rates are dampening demand for goods.
U.S. Treasury yields retreated on bets that the Fed will slow the pace of aggressive rate hikes. The Reserve Bank of Australia announced on the same day that the rate hike was only half of what was expected, and investors were betting that central banks would follow suit and were forced to slow the pace of monetary tightening.
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