Taiwan Semiconductor Manufacturing Company soared to an all-time high on Monday, fueled by lingering tech optimism from the previous session. Meanwhile, the SPDR S&P Oil & Gas Exploration & Production ETF is on track for its 10th consecutive gain, its best streak since April 2020.
rose to a record high in Monday's trading session, and might have more room to run as tech optimism from overnight spills over.was set to rebound after leading losses in Asia on Monday, with the futures contract in Chicago at 39,870 and its counterpart in Osaka trading last at 39,670 against the index's previous close of 39,307.05.
The 55-stock XOP is up nearly 10% over the past 10 sessions, its best 10-day period since mid-October 2023. It was recently just up about 0.1%. Although XOP remains below its April 2024 52-week high, the ETF is moving above its 50-day moving average for the first time since early December.U.S. President-elect Donald Trump attends Turning Point USA's AmericaFest in Phoenix, Arizona, U.S., December 22, 2024.
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