To: Return to Sender who wrote (92097 ) 5/10/2024 10:05:54 AM From: Return to Sender Respond to of 95592 Dow Jones Rises Ahead Of Inflation Data; Nvidia Rallies On Strong TSMC Sales SCOTT LEHTONEN Fri, May 10, 2024 at 7:50 AM MDT·5 min readinvestors.com The Dow Jones Industrial Average and other major indexes climbed Friday, as Wall Street awaited key inflation data included in the early release of a consumer sentiment report. Meanwhile, Nvidia ( NVDA ) was a beneficiary on the stock market today of strong monthly sales posted by chipmaker Taiwan Semiconductor Manufacturing ( TSM ), known as TSMC. In morning action, the Dow Jones Industrial Average rose 0.4%, as the S&P 500 gained 0.5%. The tech-focused Nasdaq composite was also up 0.5% after the opening bell. Early Friday, the 10-year Treasury yield climbed to 4.49%. Further, oil prices rose as West Texas Intermediate futures traded around $79.55 a barrel. Among U.S. exchange traded funds , the Nasdaq 100 tracker Invesco QQQ Trust ETF ( QQQ ) climbed 0.3%, as the SPDR S&P 500 ETF ( SPY ) also gained 0.3%. Early Friday, TSMC reported April revenue that soared 59.6% vs. a year earlier in local currency, or 20.9% vs. March. Year-to-date revenue is up 26.2%. The chip foundry giant also announced a cash dividend. Shares climbed more than 4% in early trading. That helped Nvidia stock rally 2.9% in morning trading. Shares of the artificial intelligence giant declined 1.8% Thursday, barely holding above their 50-day line. They continue to build a base that has a 974 buy point. Meanwhile, an early buy trigger is in play at 888.19, which was the high on April 30. The AI leader is an IBD Leaderboard stock . Stock Market Today: Inflation Numbers Right after Friday's stock market open, the University of Michigan's consumer sentiment numbers are due out at 10 a.m. ET. The index is expected to fall to 77 for May, down from April's 77.2 reading, per Econoday estimates. Consumers' inflation expectations for the year ahead are expected to hold steady at 3.2%.