TSM, ATO, C, and EXPE posted notable gains as investors reacted to strong earnings reports and revised guidance. The rally reflects growing confidence in semiconductor demand, consumer spending, and corporate profitability.
- TSM rose 4.3% on 15% YoY revenue growth and strong AI chip demand
- ATO gained 3.7% on a $1.2B infrastructure expansion plan
- C increased 2.8% with 12% higher net interest income and new buyback
- EXPE surged 6.1% on $2.4B in revenue and 27% international booking growth
- S&P 500 up 1.2%, Nasdaq up 1.6% reflecting broader market optimism
- Earnings-driven rally concentrated in tech and consumer sectors
Technology and consumer-facing stocks drove midday market momentum on January 15, 2026, as Taiwan Semiconductor Manufacturing (TSM) rose 4.3% following a quarterly report that exceeded analysts’ expectations. The company reported a 15% year-over-year increase in revenue, fueled by robust demand for advanced logic chips used in AI accelerators. American Tower (ATO) climbed 3.7% after announcing a new $1.2 billion infrastructure investment plan across North America and Europe. The expansion supports growing mobile data traffic and aligns with the company’s strategy to capture long-term spectrum leasing contracts. Citigroup (C) saw a 2.8% uptick after reporting a 12% rise in net interest income for the quarter, driven by higher loan volumes and improved credit quality. The bank also announced a $2.1 billion share buyback authorization, signaling continued confidence in its capital position. Expedia Group (EXPE) jumped 6.1% amid a surprise beat in its fourth-quarter earnings, recording $2.4 billion in revenue—$180 million above consensus. The travel platform attributed growth to international bookings, which surged 27% year-over-year, particularly in Asia-Pacific and Latin America. Market indices responded positively, with the S&P 500 closing up 1.2% and the Nasdaq Composite gaining 1.6%. The rally was broad-based but led by tech and consumer discretionary sectors, suggesting strengthening economic sentiment across key growth areas.