From Dow Jones & Company:

U.S. stocks rose, with Nasdaq leading after Taiwan Semiconductor Manufacturing Company posted strong results. Dow fell 102 points, S&P 500 was up 17, Nasdaq gained 154. S&P 500 has had a choppy start to the year, pulling back from near-record highs. Treasury yield has surged over 30 basis points. Unemployment claims fell to 187,000, signaling low layoffs. Chinese stocks stabilized, and Taiwan Semiconductor Manufacturing Company shares jumped over 7%. Philadelphia Fed’s gauge of regional business activity also inched up. Housing starts fell to 1.46 million annual pace from 1.53 million. Apple Inc. stock was upgraded to buy from neutral.



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