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S&P 500, Nasdaq end at records as Intel shares surge [Yahoo! Finance]
Last intel corporation earnings: 4/23 04:07 pm
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US:NASDAQ Investor Relations: intc.com/investor-relations/default.aspx
Major Wall Street indices closed at fresh records as markets cheered the latest batch of earnings reports and US and Iranian officials headed to Pakistan for expected peace talks. Both the S&P 500 and Nasdaq powered to all-time highs, bolstered in part by the market's euphoric response to results from Intel. The chip company surged 23.6 percent. Earnings strength "is a driver that is hard to ignore and is a key behind the market's resilience," said Angelo Kourkafas from Edward Jones. Profit margin growth thus far for S&P 500 companies is 13.4 percent for the first quarter year over year, according to an earnings insight note from Factset. If that holds through to the end of quarter, it will be a record since the investment platform began tracking the benchmark in 2009, Factset said. Markets also greeted signs that Washington and Tehran are set to resume direct talks. Iranian Foreign Minister Abbas Araghchi arrived in Islamabad on Friday, Pakistan's foreign ministry said,
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- Intel Corp. (INTC) Soars to All-Time High as Revenues Climb on AI Demand [Yahoo! Finance][Yahoo! Finance]
- TSX ends week slightly lower, while tech buoys U.S. markets [Advisor.ca (Canada)][Advisor.ca]
- S&P/TSX composite ends week slightly lower, while tech buoys U.S. markets [Investment Executive - News][Investment Executive - News]
- Software, semis, & BofA's 'perfect portfolio': Charts of the Day [Yahoo! Finance][Yahoo! Finance]
- Intel (INTC) was upgraded by DZ Bank AG from "sell" to "neutral".[MarketBeat]
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