Stocks making the biggest moves premarket: Intel, GameStop, Bath & Body Works and more
Check out the companies making headlines before the bell. Intel — Shares rose more than 1% in the premarket after the company announced new artificial intelligence chips aimed at competing with those from rivals Nvidia and AMD. Despite the AI boom, Intel is down nearly 40% year to date, while Nvidia and AMD are up 132% and 11% […]
Italy’s Monte Dei Paschi shares slump as judge demands new probe
Shares in the Italian bank Monte dei Paschi di Siena (BMPS.MI), opens new tab fell as much as 10% on Wednesday, after a judge asked Milan prosecutors to investigate alleged fraud in relation to the bank’s rescue in 2017, according to a document seen by Reuters. Shares in the bailed-out Tuscan lender have more than doubled in […]
Huge tech ETF set to buy $10 billion in Nvidia shares
One of the world’s largest technology funds is set to ramp up its exposure to Nvidia (NASDAQ:NVDA), which has become the world’s most valuable company following a blistering run in its shares. The $72.34 billion Technology Select Sector SPDR Fund, managed by State Street (NYSE:STT) Global Advisors, will buy some $10 billion shares of Nvidia while slashing […]
Stock Market Today: S&P500 clinches record high; Nvidia now most valuable company
The S&P 500 closed at another record high on Tuesday as Nvidia rallied to usurp Microsoft (NASDAQ:MSFT) as the most valuable company, pushing the broader tech sector higher and overshadowing economic data pointing to a more wary U.S. consumer. By 16:00 ET (20:00 GMT), the S&P 500 rose 0.3% to fresh closing high of 5,487.97, and had […]