To The Moon

Renewed selling on fears of a recession dragged the Dow Jones Industrial Average  lower on Friday and pushed the S&P 500  into correction territory. The 30-stock Dow fell 366.71 points, or 1.12% to close at 32,417.59. The S&P 500  slipped 0.48% to finish the session at 4,117.37, closing 10.3% lower from this year’s peak on July 31. The Dow was pressured by declines in JPMorgan Chase after CEO Jamie Dimon said he planned to sell 1 million shares next year.

noted//@tanpp2307:Replying to @pekss:https://tigr.link/oioSw?invite=KHGQFF&platform=iOS&shareID=adb0b694422913d4b67b4d90e2d9cc6a&utm_source=invite&utm_campaign=20221031201028&utm_medium=copy Pls help to cheer on! Thanks much!//@pekss: @SR050321 Happy New Year! Wishing you good health and prosperity in 2023! Please help to cheer for me :) Thanks! https://tigr.link/oi3CU?invite=GYB806&platform=iOS&shareID=8247280aa1f229c332ea5f34d53005fd&utm_source=invite&utm_campaign=20221031201028&utm_medium=copy

noted

TSMC to up Arizona investment to $40 billion with second semiconductor chip plant. The investment by TSMC is one of the largest foreign investments in U.S. history, and the largest in the state of Arizona. Semiconductor chips are used in everything from computers and smartphones to cars, microwaves and health-care devices. Once the plants open, they will produce enough chips to meet the U.S. annual demand. The announcement comes in wake of the passage of the CHIPS and Science Act which was signed into law in early August. President Joe Biden is joining the founder of Taiwan Semiconductor Manufacturing  Co. on Tuesday to announce the opening of the company’s second chip plant in Arizona, raising its investment in the state from $12 billion to $40 billion. The company will also announce

Asia-Pacific markets mixed; Beijing eases some Covid measures. Shares in the Asia-Pacific were mixed on Tuesday after Wall Street sold off overnight on fears that the Fed will keep increasing interest rates. Hong Kong’s Hang Seng index was 0.75% lower in the final hour of trade, with the Hang Seng Tech index declining 2.04% – despite Beijing easing some Covid test requirements for the city. Markets rallied on reopening hopes on Monday.