Mumbai, Jan. 16 -- The Dow advanced 292.81 points (0.6%) to 49,442.44, the Nasdaq climbed 58.27 points (0.3%) to 23,530.02 and the S&P 500 rose 17.87 points (0.3%) to 6,944.47.

Early strength on wall street was partly driven by upbeat earnings from taiwan semiconductor (tsm), which surged 4.4% after posting a sharp rise in fourth-quarter profits and unveiling larger-than-expected capital spending plans. The results reinforced optimism around the artificial intelligence boom, with analysts noting the company's confidence reflected in its 30% growth guidance for 2026.

Positive sentiment was further supported by u.s. Labor data showing initial jobless claims unexpectedly fell to 198,000 in the week ended january 10, down from a revised 207...