New Delhi, Jan. 15 -- Major US stock indices rose on Thursday after TSMC's blockbuster earnings sparked a rally in chip shares.

At the opening bell, the Dow Jones Industrial Average rose 51.5 points, or 0.10%, to 49,201.1. The S&P 500 rose 42.9 points, or 0.62%, to 6,969.46, while the Nasdaq Composite rose 222.2 points, or 0.95%, to 23,693.969.

In the bond market, the yield on the 10-year Treasury climbed to 4.14% from 4.12%.

US-listed shares of Taiwan Semiconductor Manufacturing Co., a major chip supplier to the industry, jumped 3.7% after the company reported a stronger profit for the fourth quarter than expected.

TSMC also said it could boost its investment in equipment to $56 billion this year to take advantage of the boom in arti...