Intel(US:INTC) Zhong Zheng Wang·2025-08-24 05:13Group 1 - Federal Reserve Chairman Powell's speech at the Jackson Hole Global Central Bank Conference indicated a shift in risk balance and a significant increase in employment downside risk, suggesting a potential interest rate cut in September [1] - The S&P 500 index rose from an early gain of 0.4% to 1.6%, closing at 6466.91 points, just 0.03% below its historical closing high [1] - The Dow Jones Industrial Average reached a new annual high, closing at 45631.74 points, surpassing previous peaks from December 2024 [1] Group 2 - The market anticipates the Federal Open Market Committee (FOMC) to lower the current interest rate (4.25%-4.50%) by 25 basis points at the September 16-17 meeting, with some expecting another cut in October and most predicting a second cut in December [1] - Intel reached an agreement with the Trump administration to convert $8.9 billion in unpaid subsidies into non-voting common stock, making the U.S. government Intel's largest single shareholder with a 10% stake [1] - SoftBank invested $2 billion in Intel earlier this week, acquiring a 2% stake [1] Group 3 - The U.S. housing market index for August recorded 32, slightly down from July's 33, while new home starts in July were at an annualized rate of 1.428 million, exceeding expectations [2] - The July existing home sales increased by 2.0% to an annualized rate of 4.01 million, with the median sales price rising to $422,400, a 0.2% increase from June [2] - The preliminary manufacturing PMI for August was 53.3, above expectations, while the services PMI was 55.4, also exceeding forecasts [2] Group 4 - The weekly mortgage application volume in the U.S. decreased by 1.4%, with refinancing applications dropping by 3.1% [3] - The EIA reported a decrease of 6 million barrels in crude oil inventory, while initial jobless claims rose to 235,000, higher than expected [3] - Among the 11 sectors in the S&P 500, 9 sectors saw gains, with the energy sector performing the best, up 2.81% for the week [3] Group 5 - The S&P 500 index had its best single-day performance on Friday (+1.52%) and its worst on Tuesday (-0.59%) [4] - The VIX index closed at 14.23, down from the previous week's 15.09, indicating reduced market volatility [4] - As of the second quarter of 2025, 78.0% of S&P 500 companies reported earnings above expectations, with projected earnings growth of 11.9% quarter-over-quarter and 10.3% year-over-year [4]