The technology sector, in particular, gained momentum, with chip stocks recording a general uptick.
Taiwan Semiconductor Manufacturing Company (TSM.N) led the charge, soaring 9.4% thanks to better-than-expected third-quarter results. The Dow Jones Industrial Average opened up by 0.25%, the S&P 500 Index rose by 0.57%, and the Nasdaq Composite Index climbed by 0.9%. Nvidia (NVDA.O) also gained by 2.8%, while Qualcomm (QCOM.O) rose 1.6%. stock market witnessed a positive start to the week on October 17, with all three major stock indexes opening higher.
The U.S. On the other hand, blockchain concept stocks experienced a decline, with Coinbase falling 1.58%, Microstrategy dropping by 1.19%, and Riot Platforms declining by 2.43%.
