Stock indexes saw mixed results today, with the S&P 500 and Nasdaq up, while the Dow Jones dipped slightly. Chip stocks are driving the rally, fueled by Taiwan Semiconductor’s increased capital expenditure forecast. Strong US economic data and positive earnings reports are also boosting market sentiment, with 89% of S&P 500 companies beating expectations in Q4. The market is closely watching economic updates and the Federal Reserve’s next moves, while overseas markets are seeing declines. Bond yields are up, and the Supreme Court is yet to rule on Trump’s tariffs. Swaps show low odds of an ECB rate hike. In US stock movers, chip makers like Micron Technology are up, while power suppliers like Talen Energy are down due to Trump’s energy policy. Other movers include Rocket Lab, PNC Financial, and Eaton Corp. Earnings reports from BOK Financial, M&T Bank, PNC, Regions Financial, and State Street are also in focus.

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