US stocks surged to close out the week, driven by renewed optimism over potential interest-rate cuts in 2025 and bolstered by declining inflation. The S&P 500 jumped 1%, with tech stocks leading the way. Intel shares rocketed 9.3% after reports suggested the semiconductor giant could be an acquisition target.
Other major movers included SLB, which reported better-than-expected profits and boosted its dividend, but warned of limited revenue growth in 2025 due to high oil supply levels. Truist Financial’s shares gained 5.9% as the bank holding company topped quarterly sales and profit estimates.
However, not all stocks fared well. J.B. Hunt Transport Services’ shares plummeted 7.4% after the shipping firm’s fourth-quarter sales and profits fell short of expectations. Eli Lilly’s shares also declined 4.2%, extending losses posted earlier this week due to concerns over potential price negotiations for its products.
Fair Isaac Corp.’s shares slipped 3.5%, despite a price target boost by Jefferies, as analysts expressed caution over slower mortgage originations in the high interest rate environment.
Source: https://www.investopedia.com/sandp-500-gains-and-losses-today-intel-soars-as-takeover-speculation-spreads-8776716