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

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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.
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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.
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Gold

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First Majestic’s performance in the past five trading sessions

China

Coffee



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