Intel CorporationIntel shares surged on reports of a chip-manufacturing partnership with Apple.
Intel shares surged on reports of a chip-manufacturing partnership with Apple, while U.S. stocks rallied after the U.S. and Iran signed an interim memorandum of understanding to end hostilities and reopen the Strait of Hormuz. At 12:30 p.m., the Nasdaq Composite was up 1.44% to 26,394.71, the S&P 500 gained 1.03% to 7,496.48, and the Dow Jones Industrial Average rose 0.35% to 51,672.64. Advanced Micro Devices also gained on an analyst price-target hike, but Space Exploration Technologies dropped more than 6% as post-IPO momentum cooled. Gold prices fell 0.8% to $4,224.71 and the 10-year Treasury yield fell 0.52% to 4.434%, while investors braced for volatility on a triple witching day with U.S. markets closed tomorrow for the Juneteenth holiday.
Intel CorporationIntel shares surged on reports of a chip-manufacturing partnership with Apple.
Advanced Micro Devices IncAnalyst price-target hike drives positive sentiment.
Apple Inc.Intel's chip-manufacturing partnership with Apple boosts demand for Intel's services.
Space Exploration Technologies Corp. Class A Common StockPost-IPO momentum cooled, causing a drop of more than 6%.