Taiwan Semi lifts semiconductor sector with upbeat guidance
The S&P 500 is up 1.5% along with the Nasdaq (+0.5%). The Dow is following closely behind with a 1.4% gain. Taiwan Semi (TSM 113.03, +3.05, +2.8%) is exerting some positive influence on the semiconductor sector after the company beat EPS estimates and guided Q4 revenue above estimates. The Philadelphia Semiconductor Index is up 2.7%. Overseas, the major European indices closed sharply higher. Germany's DAX gained 1.4%, UK's FTSE gained 0.9%, and France's CAC gained 1.3%. The Europe Stoxx 600 advanced 1.2%.