No Data
Goldman Sachs: Amid declining interest rates, hedge funds are rushing to buy US technology stocks.
In response to the expected 50 basis point rate cut by the Federal Reserve, hedge funds bought US technology and media stocks last week at the fastest pace in four months.
Analyst: intel (INTC.US) being acquired by qualcomm (QCOM.US) seems unlikely, while investment from Apollo (APO.US) is possible.
Analysts believe that the trade between qualcomm and intel is unlikely to materialize.
Private equity giant, planning to invest up to 5 billion US dollars! Can intel turn things around?
Can Intel turn the tide? Bloomberg reported on Sunday, citing informed sources, that private equity firm Apollo Global Management is willing to invest up to $5 billion in Intel in the form of equity investments. Due to the impact of poor performance, Intel's stock price has plummeted by 56% year to date.
US stocks closed | The three major indexes rose together, with the Dow and S&P hitting new highs again, Tesla surged nearly 5%, Intel rose over 3%; Miniso fell more than 16%.
US manufacturing PMI hits 15-month low, but service prices increase, with several Federal Reserve officials sending mixed signals but all confirming further rate cuts. US stocks rose across the board except for small caps, with Chinese concept stocks index briefly up 2.5% and nvidia closing higher after a 1% drop, while intel and li auto inc rose by about 3%. Poor economic situation in Europe boosts expectations of rate cut by the ECB, as the yield curve of German bonds no longer inverted. Offshore yuan plunges by 230 points to briefly breach 7.06 yuan, oil prices drop by 2% before trimming losses by half.
US stocks closed higher: all three major indexes rose collectively, with the S&P and Dow hitting new highs, and tesla surged by about 5%.
①S&P 500 index, Nasdaq hit new highs again; ②Large technology stocks mostly rose, with Tesla up about 5%; ③Intel rose over 3%, news said Qualcomm is interested in acquiring Intel, Apollo Global Management is in talks to invest in it.
These Stocks Moved the Most Today: Intel, Micron, Tesla, Palantir, Microsoft, GM, Ciena, and More -- Barrons.com