US stock markets opened flat on Thursday as investors balanced upbeat sentiment with caution regarding tariffs.
Stock Market and Overall Trends
The Dow Jones Industrial Average gained 140 points, while the S&P 500 remained flat. The Nasdaq Composite was up 0.12%, supported by bullish news regarding Nvidia.
Major Company Earnings
Corporate earnings are becoming a key driver for the markets, with better-than-expected results from major banks boosting stock prices. TSMC also reported record quarterly profits, driven by strong demand for AI. TSMC CEO C.C. Wei noted, "China is a big market, and my customer can continue to supply the chip to the big market."
Cryptocurrency Sentiment
Cryptocurrencies continue to exhibit bullish sentiment, with Bitcoin edging up following a notable slip from its all-time high of $123,000. Investors are also closely monitoring oil prices, amid concerns about oversupply from OPEC+ producers.
US stock markets remain under pressure from corporate earnings and political factors, influencing overall investment directions in the near term.
