Intel’s best day since 1987 leads the US stock market to more records
The S&P 500 climbed 0.8% to a new all-time high after Intel's strong profit report, while oil prices fluctuated amid tensions between the US and Iran. Intel's stock soared 23.6%, its best day since 1987, after the company reported stronger-than-expected results and forecast higher profit.
The US stock market reached new records on Friday, driven by Intel's strong profit report. The S&P 500 climbed 0.8% to 7,165.08, topping its prior all-time high set on Wednesday. Intel's stock soared 23.6%, its best day since 1987, after the company reported stronger-than-expected results for the first three months of the year. The company's forecast for profit in the spring also topped analysts' estimates. The Nasdaq composite rallied 1.6% to a record high, while the Dow Jones Industrial Average dipped 0.2%. Oil prices fluctuated amid tensions between the US and Iran, with the price for a barrel of Brent crude settling at $105.33, up 0.2%. The White House announced that President Donald Trump is sending envoys to Pakistan to meet with Iran's foreign minister, potentially easing tensions.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.