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Markets Hit New Record Highs: NVDA, INTC, FDX & More
ZACKSยท 2025-09-18 23:11
Market Performance - Major market indexes reached all-time highs, with the Dow increasing by 124 points (+0.27%) to 46,142, the S&P 500 rising by 31 points (+0.48%) to 6,631, the Nasdaq surging by 209 points (+0.94%) to 22,470, and the Russell 2000 climbing by 62 points (+2.60%) to 2,467 [1] Bond Market - Bond yields continued to rise, with the 10-year yield increasing from +4.08% to +4.12% and the 2-year yield rising by 6 basis points to +3.57% [2] NVIDIA and Intel Partnership - NVIDIA invested $5 billion into Intel to integrate NVIDIA's AI and accelerated computing stack with Intel's CPUs, projected to generate $150 million in annual notebook sales [3] - Following the investment, Intel's shares surged nearly +23%, marking its best single-day trading performance in four decades, while NVIDIA shares increased by +3.5% [4] FedEx Earnings Report - FedEx reported fiscal Q1 earnings of $3.83 per share, exceeding the Zacks consensus of $3.65 and the previous year's $3.60, with revenues of $22.24 billion surpassing expectations of $21.78 billion [5] - The revenue guidance for the full fiscal year was revised upward to +4-6% from +1.2%, while the midpoint for earnings guidance was slightly lowered [6]