Tech Titans Lead Record Rally: Intel Surges 5.6% as Rate-Cut Bets Hit 94%
Intel led a sharp rally in technology stocks as investors increasingly anticipate interest rate cuts. The chip giant’s shares jumped 5.6%, outperforming peers, as traders priced in a 94% likelihood of a Federal Reserve rate reduction next month. This move signals strong momentum in the stock market, with tech, especially AI stocks, at the forefront.
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