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Latest Market News

Stay informed with the latest developments in the financial markets.

Fed Holds Steady: What That Means

The Federal Reserve held its benchmark rate at 3.75%–4.00%, citing strong economic activity and resilient employment, while acknowledging that inflation remains above its 2% target and indicating that further data is needed before deciding on additional actions.

Intel's woes wipe out $1 trillion of semiconductor market cap in one day

Intel's shares plunged 30%, erasing nearly $150 billion in market capitalization in a single day, leading to a broader selloff across the semiconductor industry and wiping out approximately $1 trillion in market value.

Nvidia and other Big Tech stocks lift the US market despite drops for Apple and much of Wall Street

A rebound in influential Big Tech stocks, including Nvidia, Broadcom, Microsoft, Amazon, and Meta, lifted the S&P 500 and Nasdaq, despite declines in Apple and mixed trading elsewhere on Wall Street.