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Intel closed out September with a move that has investors debating whether the chip giant's turnaround is finally gaining real traction or whether the rally has already run ahead of the fundamentals.
The Nasdaq Composite rose 0.52% to 26,935.52 in early trading Wednesday, led by chip stocks as Intel and AMD extended a rally that has semiconductor names on pace for their best month since June.The Dow Jones Industrial Average added 0.09% to 51,398.39, and the S&P 500 gained 0.32% to 7,695.86.The…
The U.S. annualized PCE growth rate slowed to 3.4% in August, pushing U.S. Treasury yields lower. U.S. stocks ended mixed, with mega-cap tech stocks leading the gains. At the close, the Dow Jones Industrial Average fell 0.86% to 50,906.05, the Nasdaq Composite Index gained 0.24% to 26,861.06, and the S&P 500 Index…