U.S. stocks rose sharply with the Nasdaq 100 leading a 1.5% gain, driven by a semiconductor rally after a U.S.-Iran peace deal lowered oil prices to around $75 a barrel. The deal eased tensions by extending a ceasefire and reopening the Strait of Hormuz, causing oil prices to fall about 14% over five sessions and gasoline prices to drop below $4 a gallon. Technology shares surged, led by Intel's 9.8% jump following news of a chip manufacturing partnership with Apple, while energy stocks declined with the falling oil prices. The market reaction reflects optimism on geopolitical stability and strong tech sector momentum, though small caps fell amid concerns over prolonged higher interest rates.
Disney and Pixar's Toy Story 5 is expected to dominate the box office with a potential $145M-$150M domestic opening, driven by multi-generational appeal and strong marketing. Meanwhile, Take-Two Interactive announced pre-orders for Grand Theft Auto V...
Investors shifted funds into financial stocks, with the XLF ETF rising 1.5%, while technology stocks fell, with the XLK ETF dropping 2.8%, as markets anticipated the first Federal Reserve policy meeting under new Chairman Kevin Warsh. Chip stocks led...
Intel's stock surged 207.52% year-to-date to $121.10 but faces cautious outlooks from analysts. Mizuho Securities sees a modest 5.7% rise to $128, while Bernstein predicts a 17.42% drop to $100, both rating the stock as 'Hold.' Jim Cramer named Intel...
Jim Cramer, former hedge fund manager and CNBC host, has surprisingly named Intel as his top stock pick due to its impressive turnaround and future growth potential. He highlights Intel's advantage from the rising adoption of artificial intelligence,...
Intel's stock surged sharply after President Donald Trump announced that the company secured a significant chip manufacturing deal with Apple. This development highlights Intel's growing role in the semiconductor industry and could boost its market p...
