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Nasdaq rallies to sharply higher close; chip surge offsets Iran worries
Micron Technology-led rally in chip stocks outweighed concerns that renewed U.S. and Iranian attacks would prolong the conflict and stoke broader geopolitical risks.
S&P 500 ends down as AI worries hit chipmakers
The s&p 500 ended lower as chipmakers like Micron and Sandisk fell amid doubts about the sustainability of the ai-driven rally in the US and asia markets.
Nasdaq, S&P end lower as tech stocks fall
The Nasdaq and S&P 500 closed lower due to tech stock declines amid valuation concerns, while the Dow rose supported by airlines and travel stocks.
SpaceX extends losses after $600B wipeout, tech stocks slide again
SpaceX shares declined further following a $600 billion market value loss as tech stocks, including chipmakers and hyperscalers, faced broad selloff.
S&P 500 and Nasdaq notch records, boosted by AI and earnings optimism
The S&P 500 and Nasdaq reached record highs driven by Nvidia and AI stocks amid strong earnings and resilient U.S. labor market data.
Wall Street rises on Iran ceasefire extension and solid earnings
Wall Street stocks climbed after U.S. President Donald Trump extended the Iran ceasefire and strong first-quarter earnings boosted investor sentiment.
Wall Street ends higher as traders return to AI stocks
Wall Street closed higher led by AI-related stocks including Meta and Nvidia, while oil prices eased amid Middle East tensions and upcoming Fed meeting.
Wall St closes higher fueled by tech rally, soft inflation data
Dec 18 (Reuters) – Wall Street‘s main indexes closed higher on Thursday as a soft inflation report fed expectations for interest rate cuts by the Federal Reserve, while chipmaker Micron‘s blowout forecast signaled strong AI demand. The Consumer Price Index report showed that consumer prices increased less than expected in the year to November. The […]
Trump 2.0 could impact state business climate
For millennials and hipper Gen X-ers, here’s a question: Are you feeling like the “This is fine” dog in the burning kitchen? And for the Boomers, can we offer you the image of a frog sitting in a pot of quickly heating water? Even if neither image makes sense, this much is clear: There’s a […]
Kaine, Warner respond to Trump White House rescinding spending freeze memo
The White House budget office on Wednesday rescinded a controversial memo issued Monday that froze spending on more than $3 trillion in federal financial assistance, including grants and loans backing economic development and infrastructure projects across the nation. In the two-sentence memo issued Wednesday, Matthew J. Vaeth, acting director of the Office of Management and […]
Micron to invest $2.17B in Manassas expansion
Semiconductor company Micron Technology will invest up to $2.17 billion to expand its Manassas manufacturing facility, creating an expected 340 jobs, Gov. Glenn Youngkin announced Monday. Micron will modernize the plant at 9600 Godwin Drive to produce dynamic random-access memory (DRAM) chips for automotive, aerospace, defense and industrial markets, according to a news release from […]
Micron gets $275M in federal funding for Manassas expansion
Micron Technology is set to receive up to $275 million in federal funding to expand its manufacturing plant in Manassas, U.S. Sens. Mark Warner and Tim Kaine announced Tuesday. The U.S. Department of Commerce has signed a preliminary, nonbinding agreement for the funding as part of the 2022 CHIPS and Science Act, legislation Warner co-wrote. […]
