Intel Shares Leap After Trump Says It's Working with Apple to Make Chips in the U.S.
- On Thursday, the United States and Iran signed an interim peace deal, extending an April ceasefire by 60 days to allow both sides to negotiate a final truce.
- During the conflict, oil prices surged as the closure of the Strait of Hormuz, which carries one-fifth of the world's traded oil, fueled global economic uncertainty.
- Art Hogan, chief market strategist at B Riley Wealth, noted the deal "seems to be usurping any negative sentiment brought about by a more hawkish Fed yesterday." Energy prices continue trading lower.
- President Donald Trump threatened to resume attacks and kill Iranian officials if they fail to honor their commitments, while both countries released the agreement text.
- "Major geopolitical risk persists and will also remain a major driver of market action," said Kyle Rodda, a senior financial market analyst at Capital.com, as investors assess progress toward a final truce.
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84 Articles
In a message on their social networks, U.S. President Donald Trump claims that "oil flows," and stock exchanges are booming, and employment is in "record figures," following the agreement with Iran. The document, signed by the U.S. and Iran, stipulates that the U.S. will lift the naval blockade, while Iran will ensure the safe passage of commercial ships through the Strait of Hormuz and the U.S. Treasury Department will issue immediate exemption…
Intel led the winnings and went up 10%, after President Donald Trump claimed that the company had closed an agreement with Apple
Daily News-Record
Wall Street on track to open with gains, oil falls and Intel soars on Trump post about Apple deal
U.S. markets rose in premarket trading, taking back much of their losses from a day earlier that were driven by speculation that the Federal Reserve may raise interest rates this year to try and reign in persistent inflation. Futures for…
Pittsburgh Post-Gazette
Stocks rise on Wall Street, erasing much of their loss from a day earlier
NEW YORK (AP) — Stocks are rising on Wall Street, taking back much of their losses from a day earlier that were driven by anticipation that the Federal...
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