Dow Jones Falls 100 Points After Economic Data

Following a series of economic data releases, the Dow Jones Industrial Average experienced a brief decline of 100 points, while the tech-heavy Nasdaq showed strength on Thursday, buoyed by positive developments for two major chip manufacturers.

Taiwan Semiconductor (TSM), a leading chip giant, saw a surge in morning trading driven by favorable earnings news, while Nvidia stock reached new record highs.

Shortly after the opening bell, the Dow Jones Industrial Average dipped by 0.2%, contrasting with a 0.4% gain in the S&P 500. The Nasdaq composite demonstrated early strength with a 0.9% advance.

Among U.S. exchange-traded funds, the Nasdaq 100 tracker Invesco QQQ Trust (QQQ) registered a 0.9% increase, while the SPDR S&P 500 ETF (SPY) rose by 0.4%, Investors Business Daily reported.

READ MORE: https://www.investors.com/market-trend/stock-market-today/dow-jones-futures-jobless-claims-nvidia-stock-set-to-hit-more-record-highs/

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