New York, NY – Investors eagerly awaited earnings reports from Netflix as US stocks saw a rise on Thursday. The S&P 500 gained 0.5%, while the Dow Jones Industrial Average rose about 0.7% following a lower close in the previous session. The Nasdaq Composite also saw an increase of 0.4% after a recent slump in the tech sector.

The stock market has been grappling with concerns over inflation and potential changes in interest rates by the Federal Reserve. This has shifted the focus onto corporate earnings, with investors closely monitoring how company reports align with high expectations.

TSMC’s latest quarterly results were a mixed bag, with the Taiwanese chip giant noting caution on its growth outlook for the year. Despite this, the company highlighted a strong demand for AI technology and beat profit expectations for the quarter.

All eyes are now on Netflix, as they become the first of the major tech companies to release their earnings report. This is seen as a crucial moment for stocks this earnings season, especially as megacap companies continue to play a significant role in driving market gains.

Meanwhile, the market remains attentive to the ongoing debate regarding potential interest rate cuts by the Federal Reserve. The slight decrease in US bond yields from recent highs has eased some pressure on stocks, with the 10-year Treasury yield trading near 4.56%.

Overall, the stock market is showing signs of recovery, with optimism surrounding upcoming earnings reports and a cautious approach to macroeconomic factors like inflation and interest rates. Investors are navigating these uncertainties as they await further developments in the market.