Stock market today: S&P 500 rises as Dow, Nasdaq wobble with Fed's rate path in focus
Published On Feb 18, 2025, 11:27 AM
US stocks opened the week with muted activity as investors await the Federal Reserve's interest rate decisions and news from US-Russia talks regarding the Ukraine conflict. The S&P 500 reached near all-time highs while Treasury yields rose slightly. Notable news in the tech sector includes a strong surge in Super Micro Computer's stock, which jumped over 13% following positive updates about avoiding Nasdaq delisting. Additionally, Intel's shares rose nearly 10% after reports of competitors exploring options to split the company into two parts. Meanwhile, investor sentiment appears positive overall with declining cash levels and expectations for equity market performance.
Stock Forecasts
SMCI
Positive
Super Micro Computer's strong performance is likely to continue as there has been positive investor sentiment due to their plans to avoid delisting and reach ambitious revenue targets. The bullish outlook for AI chips also supports this momentum.
INTC
Positive
Intel's stock is positively impacted by the anticipation of strategic changes that could unlock shareholder value through potential splitting options being discussed. Given the competitive environment and tech stock rally, further gains are expected.
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