IT company winner on the stock exchange in the USA

» Updated: July 16 2024

» Published: July 10 2024

IT company winner on the stock exchange in the USA
Photo: Mark Lennihan/AP/TT

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Leading indexes on the American stock exchange continued upwards on Wednesday to new record levels.

The broad S&P 500 index rose 1.0 percent and thus reached a new high for the 37th time this year. The Dow Jones industrial index increased 1.1 percent and the technology-heavy Nasdaq composite index lifted 1.2 percent.

It was the IT companies that led the rise, among them the semiconductor giant Taiwan Semiconductor, whose Wall Street-listed share rose 0.5 percent. The company, which among other things supplies chip-heavy Nvidia, reported a report showing that June sales increased nearly 33 percent compared to the same month last year.

The interest rate on the 10-year government bond fell simultaneously to 4.28 percent from 4.30 percent late on Tuesday. This can be compared to 4.70 percent in April.

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By TTEnglish edition by Sweden Herald, adapted for local and international readers

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