Name: US stocks end higher boosted by earnings from banks and TSMC | REUTERS
Uploaded: 2026-01-16T04:29:53.000Z
Duration: 2 min
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

Participle clauses with adverbial meaning

Stocks rose Thursday with the Dow adding 0.6% and the S&P 500 and the Nasdaq climbing a quarter of 1% each.

Chip stocks got a boost courtesy of blockbuster results from Taiwan based chipmaker tsmc, while strong earnings from Morgan Stanley and Goldman Sachs gave a lift to some banking stocks.

Morgan Stanley's shares rose close to 6% while Goldman advanced nearly 5%.

Joe Hegener, founder and chief investment officer with Asterozoa Capital Management, says he expects these banks to continue to perform well in the quarters ahead.

Morgan Stanley and Goldman Sachs and the rest of the banking sector, their earnings across the board have been really robust on the back of pickup in investment banking activity.

The M and A environment is incredibly strong right now.

A lot of the sales and trading groups have had, you know, a gangbuster year in 2025.

We think that trend also continues and particularly for Morgan Stanley.

A very large percentage of their revenue also comes from the wealth management division and that also is experiencing not only efficiency gains via automation and technology, but

the mere fact that equity markets are at all time highs.

Assets under management are growing and that's boon to the baseline or the bottom line rather as well.

Richly valued tech and growth stocks have lost some momentum recently as investors kicked off the year by chasing bargains.

Both mid caps and the small cap Russell 2000 have been outperforming the S&P 500 so far this year.

Other stocks on the move include BlackRock, which increased 6%.

A rally in markets lifted fee income at the world's largest asset manager and Eli lilly fell nearly 4% after Reuters reported the US FDA has delayed a decision on the company's weight loss pill by a couple of weeks.

Subtitles ListPlay Video

US stocks end higher boosted by earnings from banks and TSMC | REUTERS

incredibly

boost

experience

revenue