Market Overview - The Federal Reserve's 25 basis point rate cut led to a rally, with all four major indices reaching all-time highs during the week [1] - The S&P 500 closed nearly 1.4% higher, the Nasdaq increased nearly 2.25%, the Dow Jones was up just over 1%, and the Russell 2000 rose over 2% [1] Sector Performance - The communications sector was the biggest gainer for the week, followed by technology and consumer discretionary [2] - Real estate was the laggard, with consumer staples and materials also declining [2] Company Highlights - Intel's shares surged more than 20% after Nvidia announced a $5 billion investment to develop custom data center and PC products, with a purchase price of just over $23 per share [3] - Analysts had mixed reactions to Intel's investment, resulting in both upgrades and downgrades [3] - CrowdStrike's stock rose 15% following positive updates from its Falcon 2025 conference, highlighting AI innovations and partnerships with Nvidia and Amazon Business Prime, along with better-than-expected fiscal year 2027 growth [4][5] - Darden Restaurants, parent company of Olive Garden, saw a decline of 13% despite raising guidance and reporting a 4.7% year-over-year increase in same-store sales, citing rising costs for beef and shrimp impacting profitability [5] Upcoming Events - Investors will hear from several Federal Reserve governors, including Steven Meron and Fed Chair Powell, in the upcoming week [6] - Key data to watch includes durable goods and PCE numbers, along with earnings reports from Costco, Micron, and CarMax [6]
Stocks Hit All-Time Highs, INTC/NVDA Deal, CRWD Soars, DRI Flounders