Intel's $7 billion stimulus plan was no match for disappointment over the latest government financial rescue plan. Stocks plunged Tuesday on disappointment over a lack of details in a new Treasury Department financial rescue plan, overshadowing an optimistic announcement from Intel (NASDAQ: INTC). The S&P 500 had rallied 5% last week in anticipation of the announcement — then gave it all back in a single day on worries about the lack of…
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Optimism that technology companies could benefit from a massive government stimulus plan sent the Nasdaq more than 1% higher today. Tech stocks posted solid gains Monday despite an industry report detailing falling chip sales. The Semiconductor Industry Association reported that chip sales plunged 22% in December, but with fourth-quarter earnings reports largely out of the way, investors viewed the report as old news and snapped up shares of chipmakers like Intel (NASDAQ…
Читать дальше Microsoft, Intel Lead Tech Stock Rally