US stocks opened higher on Wednesday, with techs vaulting back from a steep sell-off as investors digested Federal Reserve Chair Jerome Powell’s stance that interest rate cuts are still likely this year. The tech-heavy Nasdaq Composite (^IXIC) jumped about 1% after techs led a sharp slide in stocks more broadly on Tuesday. The S&P 500 (^GSPC) added more than 0.6%, while the Dow Jones Industrial Average (^DJI) popped 0.5%, as both indexes came off losses of more than 1%. Powell’s testimony to… Source link
Read More »Stocks mixed as Intel outlook chills techs
Stocks retreated Friday following a gloomy outlook from Intel and as investors parsed a key inflation reading seen as influential in the timing of an interest rate cut. The S&P 500 (^GSPC) rose above the flatline after a winning Thursday saw the benchmark close at another record high. The Dow Jones Industrial Average (^DJI) edged up 0.2% or about 80 points, while the tech-heavy Nasdaq Composite (^IXIC) sank 0.1% Techs led the way lower after Intel’s (INTC) first quarter outlook fell well short… Source link
Read More »Stock market today: US futures climb as techs power higher again – Yahoo Finance
[unable to retrieve full-text content]Stock market today: US futures climb as techs power higher again Yahoo Finance Source link
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