The S&P 500 fell Thursday, after a slide in Taiwan Semiconductor following its latest earnings dragged down chip stocks.
The Dow Jones Industrials gained 64.56 points to 52,723.20.
The much broader index gained 28.82 points to 7,572.41
The NASDAQ Composite regained 162.22 points to 26,269.23.
Taiwan Semiconductor declined by 2%, as an increase in its spending forecast overshadowed a better-than-expected second-quarter report.
The company expects capital expenditures to clock in between $60 billion and $64 billion for the year, up from a prior guidance in the range of $52 billion to $56 billion.
Techs gained, led by a more than 6% drop in Arm Holdings. Shares of Micron Technology and Advanced Micro Devices were lower by more than 3%, each. Broadcom was lower by more than 2%. The U.S.-listed shares of SK Hynix slid more than 6%.
Prices for the 10-year Treasury hiked, lowering yields to 4.58% from Wednesday’s 4.55%. Treasury prices and yields move in opposite directions.
Oil prices picked up 26 cents to $79.86 U.S. a barrel.
Gold prices dumped $53.40 to $3,998.40 U.S. an ounce.
