US stocks rose on Friday as Wall Street sought to end the week on a high note. The Dow Jones gained 0.15%, S&P 500 rose 0.25%, and Nasdaq increased 0.51%. These major indices followed a profitable session, driven by gains in semiconductor ('chip') stocks for the second consecutive day. Furthermore, the United States and Taiwan have reached a trade agreement under which Taiwanese semiconductor and technology companies will invest at least $250 billion in production capacity in the US. Leading this surge was Taiwan Semiconductor Manufacturing Co. (TSMC) following its outstanding fourth-quarter report.
US Stocks Rise Amid Taiwan Semiconductor Investments
US stock indices rose following a trade deal between the US and Taiwan, which includes investments of at least $250 billion in US production capacity. TSMC's stock led the gains.