Nasdaq 100 Rallies, Intel Soars 14%: Stock Market Today
A fourth straight decline in crude oil handed Wall Street a fresh leg higher Monday, with the Nasdaq 100 jumping to a three-month high as semiconductors led the tape. Intel surged nearly 14% on SK Hynix foundry optimism while AMD crossed the $1 trillion mark. Energy was the lone sector in the red as WTI slid more than 5% to an 11-day low
Oil prices fell, which made stocks go up overall. Tech companies like Intel rose a lot, so people felt hopeful about computer chip makers.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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