Nasdaq Jumps 1.7% As Stock Market Gains Post-Fed: Intel, AMD Lead Chip Rally; What To Do Now
The Nasdaq composite did an about-face in the stock market Thursday, reclaiming its 50-day moving average with conviction, as Intel (INTC) and Advanced Micro Devices (AMD) led a broad-based rally in semiconductor stocks. The Nasdaq also jumped above its 10-day and 21-day lines, closing with a gain of 1.7% in higher volume, as winners beat losers by more than 2-to-1.…
Nasdaq Jumps 1.7% As Stock Market Gains Post-Fed: Intel, AMD Lead Chip Rally; What To Do Now
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