U.S. stocks advanced on October 16, buoyed by strong earnings from Taiwan Semiconductor Manufacturing Company (TSMC). The Dow Jones Industrial Average rose by 100 points, while the S&P 500 and Nasdaq Composite increased by 0.4% and 0.6%, respectively. TSMC's 39% year-over-year profit surge and optimistic 2025 revenue forecast lifted tech stocks, including Nvidia and Broadcom. In the commodities market, gold reached $4,260 per ounce as investors turned to safe-haven assets. Bitcoin held steady near $111,000, maintaining its position after a recent sell-off.