"With the broader markets on a winning streak and the broader market hovering at record levels, stocks appear to be in wait-and-see mode this holiday-shortened trading session. On the economic front, fewer Americans filed for unemployment last week than anticipated, as all eyes remain on the labor market for cues as to how the Federal Reserve will proceed on interest rates."
"Reports indicate Nvidia ( Nasdaq: NVDA) has paused its testing on Intel's advanced 18A chip manufacturing process. Meanwhile, insiders highlight Intel's new CEO, Lip-Bu Tan, whose expertise in M&A is seen as a positive catalyst for the company's potential revival. Additionally, a Commerce Department official noted that while the U.S. provided Intel with opportunities to thrive, the firm isn't considered "too strategic to fail.""
"Precious metals are continuing their record run, with the spot gold price now hovering above $4512.00 per ounce. Here's a look at where things stand as of morning trading: Dow Jones Industrial Average: 48,531.81 Up 89.40 (+0.18%) Nasdaq Composite: 23,537.o03 Down 25.76 (-0.11) S&P 500: 6,912.68 Up 2.89 (+0.03%) Market Movers Apple ( Nasdaq: AAPL) CEO Tim Cook has been loading up on athletic apparel Nike ( NYSE: NKE) stock, according to public filings."
Stocks traded cautiously during a holiday-shortened session while broader markets remained on a winning streak and the Nasdaq Composite rose 21.6% year-to-date. Fewer Americans filed for unemployment last week than expected, keeping attention on the labor market as a signal for Federal Reserve interest-rate decisions. President Trump said markets view economic data through the lens of Fed tightening. Nvidia paused testing on Intel's advanced 18A chip process. Insiders cited Intel CEO Lip-Bu Tan's M&A expertise as a potential revival catalyst, while a Commerce Department official said Intel is not considered "too strategic to fail." Spot gold climbed above $4,512 per ounce. Major indexes showed modest morning moves, Apple CEO Tim Cook increased Nike holdings, and Motive, backed by Alphabet, filed for a stock market debut.
Read at 24/7 Wall St.
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