On Monday, July 8th, the three major US stock indexes opened slightly higher, with the market focusing on this week's Powell hearing and inflation data.
The Nasdaq rose by 0.1%, the S&amp;P 500 index rose by 0.2%, and the Dow rose by 0.6%.
<img src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f1af3103-c95f-45bb-8eac-6ab1df1d6162.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://wpimg-wscn.awtmt.com/f1af3103-c95f-45bb-8eac-6ab1df1d6162.png"/>
In the tech sector, TSMC rose by over 3.3%, hitting a historical intraday high. According to analysts from multiple Wall Street investment banks, due to the ongoing global shortage of high-end wafer foundry capacity, TSMC is expected to raise its full-year sales forecast in next week's earnings report.
Nvidia rose by over 1.2%, AMD by over 1.6%; Tesla edged lower, down by 1.5%.
Updates to follow

.SPX

- The US stock market saw slight gains on Monday, with the Nasdaq up by 0.1%, the S&P 500 by 0.2%, and the Dow by 0.6%, as focus shifts to Powell's testimony and inflation data this week.
- In the tech sector, TSMC's stock surged by 4.8%, surpassing a $1 trillion market cap, with analysts predicting an upward revision in annual sales expectations in next week's earnings report due to ongoing global chip shortage.
- Chinese tech stocks faced declines, with Faraday Future down over 6%, XPeng down over 5%, and others like Li Auto and NIO dropping nearly 3%, while Pinduoduo fell by 1.7%.

US stocks opened slightly higher, with TSMC rising more than 3.3%, hitting a record high