Intel, Boeing Rally As Silver Hits $46 And Bitcoin Slips Below $110,000: What’s Moving Markets Friday?
Wall Street moved modestly higher by midday Friday, yet major indexes remain on pace to break a three-week winning streak.
At midday, the S&P 500 was up 0.4% to 6,630, while the Nasdaq 100 gained 0.2% to 24,440. The Russell 2000, the benchmark small-cap index, rebounded 0.5%.
Blue-chip stocks led broader gains, with the Dow Jones Industrial Average advancing 0.7%.
Intel Corp. (NASDAQ: INTC) surged more than 5% midday, extending its weekly gain to 20% following last week’s 22% advance. The chipmaker continues to ride the momentum of Nvidia Corp‘s (NASDAQ: NVDA) $5 billion investment pledge, which reinvigorated investor enthusiasm.
Fresh upside catalysts emerged Friday after Bloomberg reported that Intel had approached Apple Inc. (NASDAQ: AAPL) for a potential investment. Separately, The Wall Street Journal reported that Intel also reached out to Taiwan Semiconductor Manufacturing Co. (NYSE: TSM), fueling further optimism about its chip ambitions.
Boeing Inc. (NYSE: BA) climbed nearly 4%, buoyed by a pair of major new orders. Turkish Airlines agreed to purchase 75 787 Dreamliners and up to 150 737 MAX aircraft. The company also announced that Norwegian …
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