"Nvidia and Chips Drive Stock Market Sell-Off as Taiwan Semiconductor Earnings Awaited"

The stock market experienced another sell-off, with chip stocks leading the retreat due to disappointing results and guidance from semiconductor-equipment giant ASML and caution ahead of Taiwan Semiconductor's earnings report. The market rally continues to face pressure, with major indexes breaking below their 50-day moving averages. Taiwan Semiconductor's earnings are expected to have significant implications for chip leaders like Nvidia, Broadcom, and Arm. Investors are advised to stay engaged with the market, focus on stocks showing relative strength, and be prepared for upcoming earnings reports that could potentially deliver a positive catalyst.