Stock Market Update
20-Sep-24 15:30 ET
INTC surges after QCOM takeover report
Dow +18.92
at 42044.11,
Nasdaq -32.50
at 17981.46,
S&P -9.03
at 5704.61
[BRIEFING.COM] The Dow Jones Industrial Average (+0.04%) tipped back into positive territory ahead of the close.
Intel (INTC 22.55, +1.37, +6.7%) shares surged in response to news that Qualcomm (QCOM 167.99, -5.98, -3.4%) is interested in a takeover deal, according to The Wall Street Journal.
Other semiconductor-related names are lagging the broader market. The PHLX Semiconductor Index (SOX) shows a 1.3% decline.
Separately, the 2-yr note yield dropped three basis points today to 3.57% and the 10-yr yield dropped one basis point to 3.73%.
