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Intel +8% on report new CEO to Overhaul Chip Design and Manufacturing, Consider Cost Cuts
Despite the pressure from weak retail, U.S. stock indices rebounded over two days, but Tesla and NVIDIA declined. Quantum computing stocks continued to rise sharply, and Chinese concept stocks strengthened, with Baidu up 9%.
Tesla closed down nearly 5%, NVIDIA fell nearly 2%; Intel rose nearly 7%; quantum computing stock ARQQ rose 57%; the China Concept Index rose 4%, and Alibaba increased by over 4%. After U.S. retail sales, the two-year U.S. Treasury yield reached a two-week high. The USD briefly approached a five-month low. Crude Oil Product rebounded over two days. Gold futures reached a historic high over three days, having briefly turned to decline during the session.
Intel Could Be in for Significant Changes as Lip-Bu Tan Takes on CEO Role
Intel's New CEO Lip-Bu Tan Is Getting Lower Base Salary Than Predecessor -- Barrons.com
Intel Options Spot-On: On March 17th, 860.07K Contracts Were Traded, With 6.31 Million Open Interest
US Equities Markets End Higher Monday as Traders Evaluate Macro Data
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