Financial Services

Tuesday's big stock stories: What's likely to move the market in the next trading session


Traders work on the New York Stock Exchange (NYSE) floor on September 13, 2024, in New York City.

Spencer Platt | Getty Images

Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today. Sign up for free to receive it directly in your inbox.

Here’s what CNBC TV’s producers were watching on Monday as the 30-stock Dow touched a new high and what’s on the radar for the next session.

Intel

  • The stock picked up ground after hours, jumping as much as 8%.
  • The company is creating a separate entity for the foundry side of the business.
  • Intel also announced it will produce custom artificial intelligence chips for Amazon Web Services.
  • CEO Pat Gelsinger told Jon Fortt and Morgan Brennan on “Closing Bell Overtime” on Monday that “we’ve taken it to a whole another level,” when speaking about the Amazon Web Services deal.
  • He also said his company’s new chip, 18A, is “making great progress.”
  • Speaking about last week’s board meeting, Gelsinger told Fortt and Brennan: “I and the board are aligned in the strategy for Intel foundry and moving to the next phase in the foundry journey.”
  • Shares closed higher by more than 6%, ending the session at $20.91. The 52-week high is $51.28, hit back on Dec. 27.
Stock Chart IconStock chart icon

hide content

Intel shares in 2024

The Apple suppliers

  • Apple dropped 2.8% on Monday after a few analysts questioned early iPhone 16 orders.
  • Shares are 9% from the July 15 high.
  • Arm dropped 6%. It’s a big part of the new phone. The stock is 27% from the July 9 high.
  • Cirrus dropped 6% Monday as well, down 15% from the late August high.
  • Qorvo fell 6.7%. The stock is 23% from the mid-July high.
  • Skyworks fell 5% Monday. The stock is 20% from the July 16 high.
  • Broadcom fell 2.2%, and shares are 11.4% from the 52-week high.
Read More   This portfolio manager’s frugality and eye for income protected her fund from the worst of 2022’s tumult

Gold

Stock Chart IconStock chart icon

hide content

First Majestic’s performance in the past five trading sessions

China

Coffee



READ SOURCE

This website uses cookies. By continuing to use this site, you accept our use of cookies.