Stock indexes are up today, with the S&P 500 gaining +0.55%, Dow Jones up +0.20%, and Nasdaq 100 rising +1.00%. Chip makers rally after TSMC forecasts strong Q1 sales and increased capital expenditure. US economy shows strength with lower jobless claims. Geopolitical risks ease in Iran. Weekly initial unemployment claims fall to a 6-week low of 198,000. US manufacturing surveys exceed expectations. Fed’s Bostic expects inflation pressure through 2026. Trump has no plans to fire Fed Chair Powell. Supreme Court delays ruling on Trump’s tariffs. Earnings season begins with expected S&P growth of +8.4% in Q4. Markets discount 5% chance of Fed rate cut. European government bond yields rise. Industrial production in Eurozone and UK exceeds expectations. US stock movers include chip makers like Applied Materials (+8%) and energy producers down due to WTI crude oil drop. Penumbra (+12%) up after acquisition news. Boston Scientific (-4%) down after agreement. More news expected on Fed and economic data.

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