Markets opened positively, extending Friday's rallies, with the Dow and S&P 500 showing gains while the Nasdaq Composite dipped slightly. Chip stocks like Intel and AMD experienced growth driven by leadership changes. Retail sales showed a modest increase, supporting market sentiment despite slightly missing expectations. The overall trading environment remains supportive for sectors such as energy and consumer staples, with notable market movers including Intel and PepsiCo, the latter seeing gains due to a major acquisition.
Intel is rallying 7% on reports that the new boss is planning a much-needed overhaul, providing investors with optimism about the company's future direction.
PepsiCo (NYSE: PEP) is gaining 1.7% following its announced acquisition of trendy prebiotic soda company Poppi in close to a $2 billion deal.
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