Why Intel Stock Is Climbing Today
Intel(US:INTC) The Motley Foolยท2024-08-23 16:55Is the Federal Reserve about to give Intel a much-needed helping hand?Intel (INTC 1.76%) stock is gaining ground Friday. The company's share price was up 2.9% as of noon ET, according to data from S&P Global Market Intelligence. Meanwhile, the S&P 500 index was up 1%.Intel stock is climbing thanks to comments from Federal Reserve chairman Jerome Powell suggesting that the central banking authority will cut interest rates soon. In addition to being a bullish catalyst for the stock market overall, rate cuts w ...