US Stocks Rise as Corporate Results and AI Boom Lift Markets

2025-10-16 13:43 By Joana Taborda 1 min. read

US stocks advanced on Thursday, with the S&P 500 and Dow Jones each up 0.2%, while the Nasdaq Composite gained 0.6%.

The move followed a volatile session the day before, as investors focused on corporate earnings and the AI rally regained momentum after Taiwan Semiconductor Manufacturing raised its revenue-growth target.

Communication services, technology, and utilities led the gains, while financials underperformed.

Among major movers, Nvidia rose 1.4%, Alphabet added 1.5%, Broadcom gained 1.7%, and Micron Technology advanced 2.3%.

Charles Schwab was up 0.5% after an earnings beat and Salesforce jumped over 6% after issuing improved guidance.

On the downside, Bank of New York Mellon slipped 0.4% despite reporting stronger quarterly profit, while United Airlines fell 1.6% following a revenue miss.

Meanwhile, investors continued to look past rising US–China trade tensions and the ongoing federal government shutdown, which has delayed the release of key economic data.



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