Why Taiwan Semiconductor Manufacturing Stock Sank Today

Taiwan Semiconductor Manufacturing (NYSE: TSM) stock lost ground in Tuesday's trading. The company's share price ended the day down 2.3% amid a 0.8% decline for the S&P 500 (SNPINDEX: ^GSPC) and a 0.9% decline for the Nasdaq Composite (NASDAQINDEX: ^IXIC). The stock had been off as much as 3.3% earlier in the session.TSMC stock fell in today's trading in response to the lessening likelihood of trade deals being reached between the U.S. and major trade partners in the near term. The chip manufacturing giant's share price was also dragged lower by the market's bearish reaction to Palantir Technologies' (NASDAQ: PLTR) first-quarter earnings report.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool