This year has seen significant volatility for the S&P 500, which hit a record high in February before dropping 19% due to tariff concerns and inflation fears. However, the market has since rebounded dramatically, achieving 10 record highs in July and gaining 29% over four months, with a rare 68-day streak above a key metric, historically indicating continued growth in the following year.
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Why Intel Stock Soared Today
Intel (NASDAQ: INTC) stock surged 5.5% on Friday, buoyed by a positive speech from Federal Reserve chair Jerome Powell, which raised investor expectations for an interest rate cut next month, and a report indicating the Trump administration might acquire a 10% stake in the company. This surge occurred amidst broader market gains, with the S&P 500 and Nasdaq Composite rising 1.5% and 1.8%, respectively. Want More Context? 🔎
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