Hello readers,
Wednesday's market saw strong gains in the semiconductor sector, with TSMC reporting a 33% revenue jump in June, driving chip stocks like Nvidia and AMD to rise significantly. The PHLX Semiconductor Index also notched a 2.4% gain, outperforming the Nasdaq. However, concerns about consumer spending lingered, as evidenced by Deckers Outdoor and Helen of Troy's stock declines. Despite this, overall market performance was robust, with the Dow, S&P 500, and Nasdaq Composite all posting gains.
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