Stock Market Update
10-Sep-26 12:30 ET
Taiwan Semiconductor Manufacturing lower despite record revenues
Dow -302.58
at 52078.08,
Nasdaq -144.72
at 26129.67,
S&P -41.22
at 7595.14
[BRIEFING.COM] The S&P 500 (-0.6%), Nasdaq Composite (-0.6%), and DJIA (-0.6%) remain firmly lower just after midday.
Taiwan Semiconductor Manufacturing (TSM 429.44, -5.92, -1.36%) is modestly lower despite reporting a 53.3% year-over-year increase in August revenue to NT$514.81 billion, with the negative response likely reflecting some profit-taking after the stock's strong recent run. The results nonetheless point to continued strength in demand for the company's advanced-node manufacturing capacity, supported by AI and high-performance computing.
Semiconductor stocks remain a point of weakness, with the PHLX Semiconductor Index down 2.4%. However, Skyworks (SWKS 83.34, +6.80, +8.88%) is the best-performing S&P 500 component today.
