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

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&P 500 index rose by 0.2%, and the Dow rose by 0.6%.

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