Intel Ignites Nasdaq 100 Rally as Chip Sector Dynamics Shift

A surprising surge from Intel propelled the Nasdaq 100 to a positive close on Friday, providing a bright spot at the end of a turbulent trading session. While the shortened post-Thanksgiving schedule and technical disruptions created headwinds, optimism surrounding potential interest rate cuts and a stunning performance from the traditionally struggling chipmaker ultimately defined the day. Despite the late-week rally, the tech-heavy index could not avoid concluding the month with a loss, officially snapping its impressive seven-month winning streak.

Trading commenced on unstable footing after futures markets experienced a temporary halt. This was triggered by cooling system issues at a CME Group data center. However, once cash trading began, investor sentiment Read more...