A surge for Intel sends tech stocks higher on Wall Street and crude oil prices swing some more
Intel's surge following a blowout profit report led technology stocks higher on Wall Street, with the Nasdaq composite jumping 0.7 per cent. The S&P 500 rose 0.2 per cent and pulled near its all-time high set on Wednesday.
The S&P 500 rose 0.2 per cent early Friday, nearing its all-time high set on Wednesday. Intel's shares soared over 27 per cent after the chipmaker exceeded Wall Street's first-quarter sales and profit targets. The Nasdaq composite jumped 0.7 per cent, led by technology stocks. Oil prices swung, with Brent crude down 0.4 per cent at $104.67. The White House announced a 90-day extension to the Jones Act waiver, easing the transport of oil and natural gas. The Iran war has caused global energy shock, threatening to worsen inflation and shaking world markets.
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