U.S. financial market progresses today, propelled by anticipation of additional Federal Reserve interest rate reductions; Intel experiences significant surge of 29% following $5 billion investment from Nvidia
The stock markets and commodity markets experienced a positive trend on Thursday, with tech shares leading the charge following US chipmaker Nvidia's announcement of a significant investment in Intel. Nvidia stock climbed 3.4%, while Intel's stock soared more than 29%. However, no publicly known partnership involving Nvidia, Intel, and other economic enterprises has been announced as of September 2025. Nvidia does have notable collaborations, such as with the quantum computing company Quantinuum since 2022, but no joint announcement involving Intel was found. The day began with the Nasdaq Composite opening at 22,361.31, rising 0.80% from the previous day. The S&P 500 opened at 6,600.35, also showing a 0.80% increase. By 10:45 AM Eastern Time, the S&P 500 had risen 0.7%, and by noon, it had climbed further to a 0.5% rise. The Dow Jones Industrial Average opened at 46,056.55, recording a modest 0.08% increase. The tech sector saw a notable boost after Nvidia announced a $5 billion investment in Intel. Commodity markets also saw mixed results. Platinum rose 0.9% to $1,376, while Palladium fell 1.1% at $1,141.82. Gold prices edged lower on Thursday due to profit-taking after a record rally, with spot gold falling 0.6% at $3,638.33 per ounce. US gold futures for December delivery lost 1.3% to $3,670.40. Among other metals, spot silver dropped 0.3% at $41.51 per ounce. Oil prices gained on Thursday after the US Federal Reserve reduced interest rates. US West Texas Intermediate futures added 4 cents, or 0.06%, while Brent crude futures were up 10 cents, or 0.15%. The Federal Reserve made a quarter-point rate cut on Thursday, which could have contributed to the positive trend in the markets. However, the exact impact of this decision is yet to be fully understood. In summary, Thursday saw a positive trend in the stock and commodity markets, with tech shares leading the charge after Nvidia's investment in Intel. Gold prices edged lower due to profit-taking, while oil prices gained after the US Federal Reserve reduced interest rates. The markets will continue to be closely watched as investors digest this news and look forward to further developments.
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