S&P 500 Gains and Losses Today: Intel Soars as Chipmaker Eyes Foundry Divestment

Key TakeawaysThe S&P 500 jumped 1% on Friday, Aug. 30, after the Federal Reserve's preferred inflation gauge showed price pressures were cool in July.Intel shares soared following reports that the chipmaker is exploring options to divest its foundry business.Subdued consumer spending and stiff competition dragged on Ulta Beauty's quarterly performance, and shares of the cosmetics retailer fell. Major U.S. equities indexes moved higher on Friday as the latest Personal Consumption Expenditure (PCE) data showe ...