The market began the holiday-shortened week with mixed results as the S&P 500 edged closer to an all-time high, despite ongoing uncertainty regarding tariffs, interest rates, and inflation. Intel's stock surged by over 10% following news that it may split into two distinct companies, boosting sentiments in the semiconductor sector. Meta Platforms is experiencing a minor setback but remains poised for a significant market cap milestone. Additionally, Baidu reported Q4 revenue drops, impacting its stock negatively, while Nike and Snowflake saw positive movements due to new partnerships and analyst upgrades, respectively.
The S&P 500 is attempting to break through to an all-time high of 2025 as market concerns about tariffs, interest rates, and inflation persist.
Intel's stock surged over 10% amid reports of a possible split into two companies, significantly impacting the semiconductor market as competition heats up.
Meta Platforms takes a pause in its rally with a 2% decline, yet remains on the verge of entering the $2 trillion market cap club.
Baidu's stock tumbled 7% following disappointing Q4 results, with AI revenue failing to offset a drop in advertising revenue.
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