Intel Corporation

$AAPL$AMZN$INTC$MRVL$MU$TSEM

Sector Update: Tech Stocks Climb Late Afternoon

Tech stocks were sharply higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.9% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 6.8%.The Philadelphia Semiconductor index popped 6.6%.In corporate news, Intel (INTC) shares jumped past 10% after President Donald Trump said Apple (AAPL) has agreed to work with Intel to design and build chips in the US. Apple shares added 0.4%.Tower Semiconductor (TSEM) said it shipped more than five million coherent photonic integrated circuits in partnership with Marvell Technology (MRVL). Marvell shares surged past 13%, and Tower Semiconductor gained 4.7%.Micron Technology (MU) may deliver fiscal Q3 results well above Wall Street's expectations after market prices for memory chips came in higher than the company had assumed, Wedbush Securities said. Micron shares climbed 9.3%.Amazon.com (AMZN) is in discussions to sell its custom AI chips for use in other firms' data centers, expanding its efforts to challenge Nvidia's (NVDA) dominance in the AI chip market, Bloomberg reported, citing Amazon AI chief Peter DeSantis. Amazon shares rose 2.3%.

US Markets88d ago

Update: Equities Rise Intraday, Oil Falls as US, Iran Sign Peace Deal

(Updates with latest market prices and developments.)US benchmark equity indexes were higher intraday, while oil prices fell as markets reacted to the signing of an interim peace deal between Washington and Iran.The Nasdaq Composite was up 1.6% at 26,445.7 after midday Thursday, while the S&P 500 rose 1.2% to 7,505.3. The Dow Jones Industrial Average advanced 0.4% to 51,717.6. The indexes closed the previous trading session lower.Among sectors, technology paced the gainers intraday Thursday, while energy saw the steepest decline.US markets will be closed Friday for the Juneteenth National Independence Day holiday.West Texas Intermediate crude oil was down 2.1% at $75.19 a barrel intraday Thursday, while Brent fell 1.8% to $78.12.The US signed a memorandum of understanding with Iran to end their war and reopen the Strait of Hormuz.A 60-day period for negotiations on a final deal has started, CNN reported Thursday, citing US Vice President JD Vance, who added that technical talks are likely to commence this weekend."The relief in financial markets should not be mistaken for a complete dissolution of geopolitical risks but rather as a reaction to the reopening of the Strait of Hormuz," ING Bank said in a note."If the MoU really is the start of successful negotiations, we could eventually return to a macro world that we had actually expected at the start of this year: a gradually recovering global economy with risks of inflation undershooting and central bank rate cuts," the firm wrote.US Treasury yields were lower intraday, with the 10-year rate down 2.9 basis points at 4.43% and the two-year rate dropping one basis point to 4.15%.In economic news, weekly applications for unemployment insurance in the US dropped, while continuing claims moved higher, official data showed."Despite the bounce off the recent lows, the level of initial claims -- averaging just above 220,000 -- is still consistent with a broad range of labor market indicators that show the job market has improved but isn't overheating," Oxford Economics said in a note. "That will allow the (Federal Reserve) to keep (monetary) policy on hold while it waits for inflation to come down."On Wednesday, the US central bank's Federal Open Market Committee left its benchmark lending rate unchanged for a fourth straight meeting. The FOMC removed the so-called easing bias from its latest statement while raising its interest rate expectations through 2028, saying inflation remains elevated.In company news, Intel (INTC) shares were up nearly 11% intraday Thursday, the top gainer on the S&P 500. US President Donald Trump said on social media that Apple (AAPL) had agreed to work with Intel to design and build chips in the US.Wedbush Securities said in a note that Apple's chip production deal with Intel represents a big opportunity for the semiconductor manufacturer.Apple shares were up 0.7% intraday.Accenture (ACN) trimmed the top end of its full-year revenue growth outlook as its sales fell short of market expectations in the fiscal third quarter, while the consulting firm announced three acquisition deals worth about $4.18 billion to expand its cybersecurity capabilities. Accenture shares were down 18% intraday, the steepest decline on the S&P 500.Kroger (KR) was among the worst performers on the index, down 8.1%, as the supermarket chain reiterated its full-year outlook after its fiscal first-quarter sales topped market estimates, while earnings fell short of expectations.Gold was down 3.1% at $4,247.90 per troy ounce, while silver decreased 6.3% to $66.79 per ounce.

Dow JonesNasdaq CompositeS&P 500$AAPL$ACN$INTC$KR

Dow JonesNasdaq CompositeS&P 500$AAPL$INTC$MRVL$TSEM

Sector Update: Tech Stocks Gain Thursday Afternoon

Tech stocks were sharply higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 3.1% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 6.7%.The Philadelphia Semiconductor index popped 6.5%.In corporate news, Intel (INTC) shares jumped past 10% after President Donald Trump said Apple (AAPL) has agreed to work with Intel to design and build chips in the US.Tower Semiconductor (TSEM) said it shipped more than five million coherent photonic integrated circuits in partnership with Marvell Technology (MRVL). Marvell shares surged 12%, and Tower Semiconductor climbed up 5.2%.Micron Technology (MU) may deliver fiscal Q3 results well above Wall Street's expectations after market prices for memory chips came in higher than the company had assumed, Wedbush Securities said. Micron shares gained 8.5%.

$INTC$MRVL$MU$TSEM

Asia Markets88d ago

Update: US Equity Indexes Jump as Crude Oil Heads for Pre-War Levels Ahead of Iran Reopening Hormuz Chokepoint

(Updates with index/price moves, macroeconomic data, and political/company news from the first paragraph.)US equity indexes rose amid a rally in mega-cap semiconductors and as crude oil extended declines to the lowest in more than three months after a signing of the interim Iran peace deal set the stage for an immediate reopening of the Strait of Hormuz.The Nasdaq Composite advanced 1.5% to 26,406.3, with the S&P 500 up 1.1% to 7,499.9 and the Dow Jones Industrial Average higher by 0.4% to 51,673.7 after midday Thursday.All sectors except energy, health care, consumer staples, and financials rose. Technology led the gainers, followed by consumer discretionary.President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding targeting a permanent peace deal to end the war between the US and Iran."Upon the signing of this MOU, the Islamic Republic of Iran will make arrangements using its best efforts for the safe passage of commercial vessels with no charge for 60 days only from the Persian Gulf to the Sea of Oman and vice versa," Reuters cited one of the clauses in the framework agreement. "The traffic of commercial vessels will immediately start and, considering the need for removing the technical and military obstacles and de-mining by the Islamic Republic of Iran, will be instated within 30 days."Crude oil futures declined, with front-month global benchmark North Sea Brent slumping 2.6% to $77.49 per barrel after midday. The US West Texas Intermediate sank 3% to $74.50 per barrel, the lowest level since around early March.Most US Treasury yields fell, with the 10-year down 2.2 basis points to 4.44%, as sliding crude oil alleviates inflation concerns.In precious metals, gold futures slumped 3.2% to $4,240.5, while silver futures plummeted 6.6% to $66.13 as investors priced in higher interest rates this year.On Wednesday, the Federal Reserve unanimously left its benchmark rate unchanged in the 3.50% to 3.75% range, while excluding language that suggested a lingering bias toward cuts. The probability of US interest rates rising to the 4% to 4.25% target range soared to 33% as of Thursday afternoon from 14% a week ago, implying the market doubled its outlook for two rate increases of 25 basis points each by the end of 2026, according to the CME FedWatch tool.In company news, Intel (INTC) shares surged 11% to among the leaders on the S&P 500 and the Nasdaq, after Trump said Apple (AAPL) has agreed to work with Intel to design and build chips in the US.Tower Semiconductor (TSEM) said it shipped more than five million coherent photonic integrated circuits in partnership with Marvell Technology (MRVL). Shares of Marvell soared 12%, the top gainer on the Nasdaq.In economic news, US initial jobless claims fell to 226,000 in the week ended June 13 from an upwardly revised 230,000 in the previous week, compared with expectations for 225,000 in a survey of analysts compiled by Bloomberg.

Sector Update: Tech

Tech stocks were sharply higher Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.9% and the State Street SPDR S&P Semiconductor ETF (XSD) jumping 6.5%.The Philadelphia Semiconductor index popped 6.5%.In corporate news, Intel (INTC) shares jumped past 10% after President Donald Trump said Apple (AAPL) has agreed to work with Intel to design and build chips in the US.

New Street Adjusts Price Target on Intel to $100 From $80, Maintains Buy Rating

Intel (INTC) has an average rating of hold and mean price target of $100.81, according to analysts polled by FactSet.Price: $132.25, Change: $+11.15, Percent Change: +9.20%

$INTC

US Markets88d ago

Apple Chip Production Deal Represents Big Opportunity For Intel, Wedbush Says

Apple's (AAPL) chip production deal with Intel (INTC) represents a big opportunity for the semiconductor manufacturer, Wedbush Securities said in a note on Thursday.President Donald Trump announced on social media that Apple had agreed to work with Intel to design and build chips in the US.Neither of the two companies responded to' requests for comment.Apple was considering engaging Intel and Samsung for producing device chips in the US, diversifying beyond long-time partner Taiwan Semiconductor Manufacturing Co. (TSM), Bloomberg News reported in May.Intel's shares surged 9.2% in Thursday trade, and are up 258% year to date. Apple was up 0.8%, and has gained nearly 10% this year."After Apple transitioned away from Intel chips for its own in-house Apple Silicon, the company will now do a significant portion of deals with Intel in the coming years," Wedbush analysts including Dan Ives wrote.Apple's US manufacturing represents "a huge opportunity for Intel, with Apple now going into this (three to four) year (artificial intelligence)-driven device cycle," Ives said.The new partnership will reduce the iPhone maker's reliance on Asian factories, according to Wedbush.Apple Chief Executive Tim Cook told The Wall Street Journal that price increases "are unavoidable" amid surging memory costs, as reported by the Journal on Wednesday."We believe (Apple) is in a strong position to increase prices without sacrificing hardware performance and risking increasing customer churn given the company's increasing focus on the higher-end consumer," Ives said.Wedbush maintained an outperform rating on Apple's stock with a $400 price target.In April, Apple reported fiscal second-quarter results above Wall Street's estimates driven by iPhone revenue beat. Separately, Intel posted stronger-than-expected first-quarter results as it benefited from AI-driven demand for its products.Price: $296.89, Change: $+0.94, Percent Change: +0.32%

$AAPL$INTC$TSM

Dow JonesNasdaq CompositeS&P 500$INTC

Update: US Equity Indexes Jump as Crude Oil Heads for Pre-War Levels Ahead of Iran Reopening Hormuz Chokepoint

(Updates with index/price moves and political/company news from the first paragraph.)US equity indexes rose amid a rally in mega-cap semiconductors and as crude oil extended declines to the lowest in more than three months after a signing of the interim Iran peace deal set the stage for an immediate reopening of the Strait of Hormuz.The Nasdaq Composite advanced 1.3% to 26,372.2, with the S&P 500 up 1.1% to 7,499.8 and the Dow Jones Industrial Average higher by 0.6% to 51,798.5 in midday trading Thursday.All sectors except energy, health care, and consumer staples rose. Technology led the gainers.President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding targeting a permanent peace deal to end the war between the US and Iran."Upon the signing of this MOU, the Islamic Republic of Iran will make arrangements using its best efforts for the safe passage of commercial vessels with no charge for 60 days only from the Persian Gulf to the Sea of Oman and vice versa," Reuters cited one of the clauses in the framework agreement. "The traffic of commercial vessels will immediately start and, considering the need for removing the technical and military obstacles and de-mining by the Islamic Republic of Iran, will be instated within 30 days."Crude oil futures declined, with front-month global benchmark North Sea Brent slumping 3% to $77.15 per barrel after midday. The US West Texas Intermediate sank 3.5% to $74.09 per barrel, the lowest level since around early March.In company news, Intel (INTC) shares surged 8.4%, among the leaders on the S&P 500 and the Nasdaq, after Trump said Apple (AAPL) has agreed to work with Intel to design and build chips in the US.

Apple's Intel Chip Deal Could Secure US Manufacturing Capacity Ahead of AI Cycle, Wedbush Says

Apple's (AAPL) reported deal with Intel (INTC) to design and build chips in the US could strengthen the iPhone maker's efforts to diversify its supply chain and secure domestic semiconductor capacity ahead of a multiyear AI-driven device cycle, Wedbush Securities said in a report Thursday.The deal, announced by President Donald Trump, comes as Apple seeks to reduce its reliance on Asian manufacturing and expand US-based production. Wedbush said the partnership would represent a significant opportunity for Intel as Apple increases investment in advanced chips amid rising AI demand.The investment firm said Apple could raise prices on future devices, including its next iPhone lineup, to offset rising memory and storage chip costs, arguing the company is well positioned to pass higher component expenses on to consumers without materially affecting demand.Wedbush maintained an outperform rating on Apple and a $400 price target, citing the company's supply-chain diversification strategy and investments in US manufacturing capacity.Price: $299.13, Change: $+3.18, Percent Change: +1.07%

$AAPL$ACN$INTC$MRVL$TSEM$XLK$XSD

Sector Update: Technology Stocks Rise Pre-Bell Thursday

Technology stocks were rising pre-bell Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) 2.3% higher and the State Street SPDR S&P Semiconductor ETF (XSD) advancing by 3.9%.Intel (INTC) shares were up more than 8% after President Donald Trump said Apple (AAPL) has agreed to work with Intel to design and build chips in the US.Accenture (ACN) stock was down more than 16% after the company issued fiscal Q4 revenue outlook below analysts' expectations. Accenture also said it is acquiring a majority stake in Dragos and full ownership of runZero and NetRise in a $4.18 billion deal.Tower Semiconductor (TSEM) said it has shipped more than five million coherent photonic integrated circuits in partnership with Marvell Technology (MRVL). Tower Semiconductor shares were up more than 4% and Marvell Technology rose 6% premarket.

Sector Update: Tech

Dow JonesNasdaq CompositeS&P 500$AAPL$BETH$BITO$DEO$EEM$EETH$EQNR$EXI$FAS$FAZ$GLD$HIVE$IBB$IGM$IGV$INTC$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$LEGN$PMR$QQQ$RTH$SLV$SOXX$SPCX$SPY$UNG$USO$VDC$VHT$VIS$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD

Commodities88d ago

Exchange-Traded Funds, Equity Futures Higher Pre-Bell Thursday as Interim US-Iran Deal Lifts Risk Sentiment

The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.4%, and the actively traded Invesco QQQ Trust (QQQ) advanced 1.3% in Thursday's premarket activity, as investors welcomed an interim US-Iran agreement that reduced concerns about disruptions to global energy supplies.US stock futures were also higher, with S&P 500 Index futures up 0.7%, Dow Jones Industrial Average futures advancing 0.3%, and Nasdaq futures gaining 1.3% before the start of regular trading.US initial jobless claims fell to a level of 226,000 in the employment survey week ended June 13 from an upwardly revised 230,000 level in the previous week, compared with expectations for a larger decrease to 225,000 in a survey of analysts compiled by Bloomberg as of 7:30 am ET.The Philadelphia Federal Reserve's monthly manufacturing index rose to 10.3 in June after decreasing to minus 0.4 in May, compared with expectations for a slightly smaller increase to a reading of 10 in a survey compiled by Bloomberg.May's leading indicators data will be released at 10:00 am ET, followed by weekly natural gas stocks at 10:30 am ET.In premarket action, bitcoin was down by 0.6%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 0.5% lower, Ether ETF (EETH) advanced 0.4%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:FinancialThe State Street Financial Select Sector SPDR ETF (XLF) advanced 0.4%. Direxion Daily Financial Bull 3X Shares (FAS) was up 0.9%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.8% lower.HIVE Digital Technologies (HIVE) shares traded up 12% in early hours activity a day after the company said it received municipal approval to purchase the 32-megawatt Big Boden data center in Sweden from Bodens Utvecklings.Winners and Losers:Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) advanced 0.2%, the Vanguard Health Care Index Fund (VHT) was down 0.1%, while the iShares US Healthcare ETF (IYH) gained 1.1%. The iShares Biotechnology ETF (IBB) was 0.1% higher.Legend Biotech (LEGN) stock was down more than 9% premarket after the company priced an underwritten public offering of 7.7 million American depositary shares at $29.35 each, for gross proceeds of about $226 million.TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) gained 2%, and the iShares US Technology ETF (IYW) was flat, while the iShares Expanded Tech Sector ETF (IGM) was up 1.9%. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 2.1% higher, while the iShares Semiconductor ETF (SOXX) rose by 4.2%.Intel (INTC) shares were up more than 9% in premarket activity after President Donald Trump said Apple (AAPL) has "agreed to work with Intel to design and build its Chips in America." Apple stock was gaining by 0.3%.EnergyThe iShares US Energy ETF (IYE) gained by 0.03%, while the State Street Energy Select Sector SPDR ETF (XLE) was down by 0.5%.Equinor (EQNR) stock was down more than 3% before market open after edging down 0.2% in the prior close. The company and its partners said they have selected the development concept for the Ringvei Vest project in the Norwegian North Sea, which is expected to contribute about 240 million barrels of oil equivalent.ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was flat, and the iShares US Consumer Staples ETF (IYK) was inactive. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.5%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) rose 1%.Diageo (DEO) shares gained nearly 1% pre-bell after the Financial Times reported that Chief Executive Dave Lewis has ordered senior executives to implement broad cost-cutting measures as part of a major restructuring effort at the spirits giant.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 1%, while the Vanguard Industrials Index Fund (VIS) was up 1.9% and the iShares US Industrials ETF (IYJ) was inactive.SpaceX (SPCX) stock was down more than 1% before the opening bell after experiencing its first post-IPO retreat from recent record highs, as market data and multiple analysts point to active put option trading and technical downward pressure following the stock's initial surge.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 1.9% to $75.35 per barrel on the New York Mercantile Exchange. Natural gas gained by 0.5% to $3.16 per 1 million British Thermal Units. The United States Oil Fund (USO) declined by 1.2%, while the United States Natural Gas Fund (UNG) was 0.6% lower.Gold futures for July were down by 2.7% to $4,261.40 an ounce on the Comex. Silver futures retreated by 5.6% to $67.33 an ounce. SPDR Gold Shares (GLD) gained by 0.6%, and the iShares Silver Trust (SLV) was 0.02% lower.

Asia Markets88d ago

Update: Signed US-Iran Peace Deal Lifts US Equity Futures Pre-Bell

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Thursday after the US and Iran digitally signed an agreement aimed at ending the war in the Middle East.Dow Jones Industrial Average futures were 0.5% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.6% higher.President Donald Trump and Iranian President Masoud Pezeshkian digitally signed a memorandum of understanding targeting a permanent peace deal to end the war between the US and Iran. Amid criticism that Iran came out with the better end of the deal, Trump said in a post on Truth Social that people thinking he was not tough enough on the Middle Eastern nation were "either jealous, bad people, or stupid."All three major US stock indexes ended lower on Wednesday after Federal Reserve officials signaled a potential rate hike by the end of 2026 as inflation remains elevated.Traders observed the latest round of earnings, with Accenture (ACN) posting higher fiscal Q3 earnings and revenue.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.3% at $78.52 per barrel and US West Texas Intermediate crude 2.1% lower at $75.22 per barrel.The weekly jobless claims bulletin showed 226,000 new unemployment claims for the week ended June 13, compared with the upwardly adjusted 230,000 figure in the prior week and above the 225,000 expected in a survey compiled by Bloomberg. The Philadelphia Federal Reserve's monthly manufacturing index rose to 10.3 in June from negative 0.4 in May, compared with expectations for a smaller increase to a reading of 10.0.In other world markets, Japan's Nikkei closed 1.7% higher, Hong Kong's Hang Seng ended 1.6% lower, and China's Shanghai Composite finished 0.4% lower. Meanwhile, the UK's FTSE 100 was down 1.1%, and Germany's DAX index was 00% lower in Europe's early afternoon session.In equities, Intel (INTC) shares were up 9% after President Donald Trump said Apple (AAPL) has "agreed to work with Intel to design and build its Chips in America." Taiwan Semiconductor Manufacturing's (TSM) stock was up 1.6% after a Nikkei Asia report cited chief operating officer Chris Koopmans as saying that Marvell Technology (MRVL) plans to adopt the company's 1.4-nanometer process for future chips. Broadcom (AVGO) shares were up 3.2% after the company said increased the maximum amount it will spend on its debt buyback program to $3 billion from $2.5 billion due to the strong participation.On the losing side, Accenture shares dropped 16% after the company reported its fiscal Q3 financial results. Kroger (KR) stock was down 4.7% after the company posted higher fiscal Q1 adjusted earnings and revenue.

Dow JonesNasdaq CompositeS&P 500$AAPL$ACN$AVGO$INTC$KR$MRVL$TSM

US Markets88d ago

Stocks Rise Pre-Bell as US, Iran Sign Peace Deal; Traders Assess Fed Rate Decision

US equity markets were tracking in the green before the opening bell Thursday as investors weighed the signing of an interim US-Iran peace deal and the Federal Reserve's decision to hold interest rates steady.The S&P 500 rose 0.7%, the Dow Jones Industrial Average gained 0.5% and the Nasdaq added 1.1% in premarket activity. The three main indexes finished Wednesday trading lower.US markets will be closed on Friday for the Juneteenth National Independence Day holiday.US President Donald Trump and Iranian President Masoud Pezeshkian on Wednesday signed a memorandum of understanding to end the Middle East war, Bloomberg News reported. Trump reportedly said he signed the agreement at the palace of Versailles near Paris.The agreement was earlier reported to be scheduled for formal signing in Switzerland on Friday, but a spokesperson for Iran's Foreign Ministry said no ceremony would be held as the deal has been signed digitally, CNN reported.The agreement calls for the rapid reopening of the Strait of Hormuz and immediate sanctions waivers for Iranian oil exports, with talks on nuclear issues to follow, according to the report.Earlier on Wednesday, Trump said the proposed memorandum of understanding with Iran is "not final" and that Washington would resume military operations if he doesn't like the Tehran deal, according to various media outlets.West Texas Intermediate crude oil dropped 2.9% to $74.58 a barrel before the open, while Brent declined 2.2% to $77.80.The International Energy Agency on Wednesday lowered its global oil demand forecast for 2026 amid war-driven headwinds while projecting a rebound next year."While the US-Iran interim agreement paves the way for a rebound in Middle East (oil) exports, operational and political constraints, including prolonged demining and unresolved transit arrangements, leave downside risks to the outlook," the agency said.The Fed kept its monetary policy steady on Wednesday to mark its fourth consecutive pause, removing the so-called easing bias from its statement. Fed policymakers raised interest rate expectations through 2028 and their inflation projections for 2026 and 2027.The policy decision was the first under new Chair Kevin Warsh.US Treasury yields were mixed in premarket action, with the two-year rate increasing 2.9 basis points to 4.19% and the 10-year rate retreating 0.6 basis points to 4.46%.Thursday's economic calendar has the weekly jobless claims bulletin at 8:30 am ET, along with the Philadelphia Fed manufacturing index for June. The weekly Baker Hughes oil-and-gas rig count is out at 1 pm.Intel's (INTC) shares jumped 8.3% pre-bell after Trump on social media said that iPhone maker Apple (AAPL) has agreed to work with the chipmaker to design and build chips in the US.Robinhood Markets (HOOD) advanced 2.1% after finishing the previous trading session with an 8.8% jump. Meta Platforms (META) rebounded 1.6% following a 5.4% decline on Wednesday.Accenture (ACN) and Kroger (KR) are scheduled to report their latest financial results before the bell.Gold fell 2.1% to $4,289 per troy ounce, while bitcoin decreased 0.7% to $63,934.

Dow JonesNasdaq CompositeS&P 500$AAPL$ACN$HOOD$INTC$KR$META

$AAPL$FIG$HPE$INTC$MSFT$NVDA

Intel Shares Surge Premarket Following Trump's Post Claiming Partnership With Apple

Intel (INTC) shares were up almost 9% in Thursday's premarket activity after President Donald Trump said Apple (AAPL) has "agreed to work with Intel to design and build its Chips in America."In his Truth Social post early Thursday, Trump brought up Nvidia (NVDA) and Tesla's (TSLA) partnerships with Intel, helping with his cause to bring manufacturing back to the US.Nvidia and Intel unveiled in September plans to jointly develop custom datacenter and personal computer products. In April, Intel said it joined the Terafab project to "help refactor silicon fab technology."has reached out to Apple and Intel for a comment on Trump's post.Price: $131.90, Change: $+10.80, Percent Change: +8.92%

$AAPL$INTC$NVDA$TSLA

Sectors89d ago

Sector Update: Tech Stocks Rise Late Afternoon

Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) up 1%.The Philadelphia Semiconductor index climbed 2.6%.In corporate news, Figma (FIG) shares jumped 5.2% after Citigroup started coverage of the company's stock at buy with a $36 price target.Intel (INTC) has started risk production of its most advanced chip node, 18A-P, bringing the company closer to a potential deal to make chips for Apple (AAPL), CNBC reported Tuesday. Intel shares rose 3.6%, and Apple was down 1.3%.Microsoft-backed (MSFT) OpenAI recorded a cash burn of $3.7 billion in Q1 of 2026, which is more than half of its $5.7 billion revenue for the period, The Information reported, citing documents shared with shareholders. Microsoft shares were down 3.7%.Hewlett Packard Enterprise (HPE) shares rose 0.3% after the firm said it was selected by Vultr along with Nvidia (NVDA) to support large-scale AI data center deployments. Nvidia shares were down 1.4%.

Sectors89d ago

Sector Update: Tech Stocks Rise Wednesday Afternoon

Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.2% and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.2%.The Philadelphia Semiconductor index climbed 3.4%.In corporate news, Intel (INTC) has started risk production of its most advanced chip node, 18A-P, bringing the company closer to a potential deal to make chips for Apple (AAPL), CNBC reported Tuesday. Intel shares rose 4.2%, and Apple was down 0.7%.Hewlett Packard Enterprise (HPE) shares rose 3% after the firm said it was selected by Vultr along with Nvidia (NVDA) to support large-scale AI data center deployments. Nvidia shares were flat.SpaceX (SPCX) shares fell 1.8% after rising over the past two days following its record-setting initial public offering on Friday. Investor Michael Burry, known for calling the US housing collapse and the 2008 financial crisis, wrote in his newsletter on Tuesday that the company's put options remain too expensive, according to a CNBC report.

$AAPL$HPE$INTC$NVDA$SPCX

Sectors89d ago

Sector Update: Tech

Tech stocks were higher Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 2.2%.The Philadelphia Semiconductor index climbed 3.2%.In corporate news, Intel (INTC) has started risk production of its most advanced chip node, 18A-P, bringing the company closer to a potential deal to make chips for Apple (AAPL), CNBC reported Tuesday. Intel shares climbed 4.3%, and Apple was decreasing 0.6%.