U.S. Stocks Continue to Rise! Dow Jumps Over 700 Points, TSMC ADR Up 1.57%
U.S. President Donald Trump recently called on Federal Reserve Chairman Jerome Powell to implement a preventive rate cut, even labeling him a 'loser,' which led major U.S. indices to drop, with the Dow closing down 971.82 points last Friday.
However, today (22nd) U.S. stocks opened with positive momentum, with the Dow Jones Industrial Average surging 749.76 points at one point, ultimately rising by 749.76 points or 1.96%. The S&P 500 index increased by 96.59 points or 1.87%, while the Nasdaq Composite index rose by 327.50 points or 2.06%.
In individual stocks, Nvidia (NVDA) gained $1.50 or 1.55%, and Tesla (TSLA) increased by $8.65 or 3.80%. Apple (AAPL) saw a rise of $5.48 or 2.84%, and Meta climbed $4.76 or 0.98%. Additionally, TSMC ADR (TSM) grew by $2.32 or 1.57%.
