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Wall St propelled higher by broad gains after Fed kicks off easing cycle

US STOCKS-Wall St propelled higher by broad gains after Fed kicks off easing cycle For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. S&P 500, Dow hit record highs BofA expects Fed to go for 75-bp cut in Q4 US big banks rise after Fed's jumbo rate cut Weekly jobless claims stand at 219,000 Indexes up: Dow 1.03%, S&P 500 1.73%, Nasdaq 2.78% Updated at 11:49 a.m.
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Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT

BUZZ - Nasdaq top and bottom performing stocks at about 12:01 p.m. EDT Nasdaq 100 .NDX Top Performers Percent Change Tesla Inc TSLA.OQ +6.5% Airbnb Inc ABNB.OQ +6.3% Advanced Micro Devices Inc AMD.OQ +5.9% PayPal Holdings Inc PYPL.OQ +5.8% Baker Hughes Co BKR.OQ +5.7% Bottom Performers Percent Change American Electric Power Company Inc AEP.OQ -1.7% Dollar Tree Inc DLTR.OQ -1.4% Exelon Corp EXC.OQ -1.3% O'Reilly Automotive Inc ORLY.OQ -1.2% Xcel Energy Inc XEL.OQ -0.8% The Nasdaq 100 .NDX gained
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S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT

BUZZ - S&P 500 top and bottom performing stocks at about 12:00 p.m. EDT S&P 500 .SPX Top Performers Percent Change Darden Restaurants Inc DRI.N +7.8% Tesla Inc TSLA.OQ +6.6% Airbnb Inc ABNB.OQ +6.4% Factset Research Systems Inc FDS.N +6.1% Advanced Micro Devices Inc AMD.OQ +5.9% Bottom Performers Percent Change Ventas Inc VTR.N -3.3% American Tower
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Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle

US STOCKS-Wall St jumps with tech stocks in the lead after Fed kicks off easing cycle For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. S&P 500, Dow hit record highs BofA expects Fed to go for 75-bp cut in Q4 US big banks rise after Fed's jumbo rate cut Weekly jobless claims stand at 219,000 Indexes up: Dow 0.94%, S&P 500 1.29%, Nasdaq 2.15% Updated at 09:46 a.m.
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Wall St gears up for rally after Fed kicks off easing cycle

US STOCKS-Wall St gears up for rally after Fed kicks off easing cycle For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. BofA expects Fed to go for 75-bp cut in Q4 US big banks rise after Fed's jumbo rate cut Weekly jobless claims stand at 219,000 Futures up: Dow 1.13%, S&P 500 1.58%, Nasdaq 2.14% Updated at 8:36 a.m.
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Futures jump as growth stocks lead gains after Fed cuts rates

US STOCKS-Futures jump as growth stocks lead gains after Fed cuts rates For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. BofA expects Fed to go for 75-bp cut in Q4 US big banks rise after Fed's jumbo rate cut Futures up: Dow 1.1%, S&P 500 1.6%, Nasdaq 2.07% Updated at 7:17 a.m. ET/1117 GMT By Johann M Cherian and Purvi Agarwal Sept 19 (Reuters) - U.S.
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Fed rate cut boosts futures as growth stocks lead gains

US STOCKS-Fed rate cut boosts futures as growth stocks lead gains For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Futures up: Dow 0.96%, S&P 500 1.34%, Nasdaq 1.82% Sept 19 (Reuters) - U.S. stock index futures surged on Thursday, with those tracking the Nasdaq climbing nearly 2% following the Federal Reserve's move to start its easing cycle with a half a percentage point cut, aiding a soft landing for the world's biggest economy.
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Tech stocks lead broad rally as investors cheer Fed's jumbo rate cut

BUZZ-Tech stocks lead broad rally as investors cheer Fed's jumbo rate cut ** Shares of heavyweight tech stocks jump in premarket trade , a day after the Federal Reserve delivered a larger than usual 50 bps rate cut ** Futures tied to the tech-heavy Nasdaq 100 NQcv1 gain ~2%, while S&P futures EScv1 rise 1.5% to a record high ** Apple AAPL.O , Meta Platform META.O , Microsoft MSFT.O , Nvidia NVDA.O , Amazon.com AMZN.O and Alphabet GOOGL.O rise between 1.7% and 2% ** AMD AMD.O and Broadcom AVGO.O
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US chipmakers rise after Fed rate cut

BUZZ-US chipmakers rise after Fed rate cut ** Shares of U.S. chipmakers rise after Federal Reserve cuts interest rates ** Shares of AI chip bellwether Nvidia NVDA.O up 1.3%, rival AMD AMD.O up 1% ** Fed cuts interest rates by half of a percentage point ** Rate cuts are expected to help allay some concerns over Big Tech pulling back on hefty AI inve
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Intel rises as Amazon deal boosts struggling foundry unit's prospects

UPDATE 1-Intel rises as Amazon deal boosts struggling foundry unit's prospects Updates shares in paragraph 1, adds background in paragraph 2, market cap addition in paragraph 5, analyst comment in paragraph 9 By Deborah Mary Sophia and Arsheeya Bajwa Sept 17 (Reuters) - Intel shares jumped almost 4 % in early trading on Tuesday, as a chip-making deal with Amazon's cloud business gave a major stamp of approval to its money-losing contract manufacturing business.
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China's Lenovo to make AI servers in India, opens new centric lab

China's Lenovo to make AI servers in India, opens new AI-centric lab By Sai Ishwarbharath B BENGALURU, Sept 17 (Reuters) - China's Lenovo Group 0992.HK will start making artificial intelligence (AI) servers at its plant in southern India and opened an AI servers-focussed R&D lab in the tech hub of Bengaluru, the electronics hardware maker said on Tuesday.
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Fitch says Robust Artificial Intelligence Infrastructure Spending Is Positive For IT Hardware And Semiconductor Manufacturers' Credit Profiles

BRIEF-Fitch says Robust Artificial Intelligence Infrastructure Spending Is Positive For IT Hardware And Semiconductor Manufacturers' Credit Profiles Sept 16 (Reuters) - FITCH- FITCH- ROBUST ARTIFICIAL INTELLIGENCE INFRASTRUCTURE SPENDING IS POSITIVE FOR IT HARDWARE AND SEMICONDUCTOR MANUFACTURERS' CREDIT PROFILES FITCH: SEES PAUSE TO AI INFRASTRUCT
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How Intel lost the Sony PlayStation business

EXCLUSIVE-How Intel lost the Sony PlayStation business Intel lost PlayStation 6 chip contract to AMD in 2022, sources say Dispute over profit margins blocked Intel-Sony deal, sources say PlayStation deal could have generated $30 billion in revenue, sources say By Max A. Cherney SAN FRANCISCO, Sept 16 (Reuters) - Intel INTC.O lost out on a contract to design and fabricate Sony’s PlayStation 6 chip in 2022, which dealt a significant blow to its effort to build its fledgling contract manufacturin
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'AI godmother' Fei-Fei Li raises $230 million to launch AI startup

'AI godmother' Fei-Fei Li raises $230 million to launch AI startup Initial funding led by Andreessen Horowitz, New Enterprise Associates, and Radical Ventures World Labs focuses on 'spatial intelligence' Li will continue some of her work at Stanford while building the startup By Anna Tong and Katie Paul Sept 13 (Reuters) - Fei-Fei Li, a leading artificial intelligence researcher, has raised $230 million for a startup she and three colleagues founded to make AI technology that can understand how
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NXP Semiconductors to invest more than $1 bln in India as it boosts R&D efforts

UPDATE 1-NXP Semiconductors to invest more than $1 bln in India as it boosts R&D efforts Adds Prime Minister Modi's quote in paragraph 6 By Arsheeya Bajwa NOIDA, Sept 11 (Reuters) - NXP Semiconductors NXPI.O will invest over $1 billion in India, doubling its research and development efforts, the Dutch company's CEO said on Wednesday, joining global names betting on a country looking to establish its presence in the industry.
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NXP Semiconductors to invest more than $1 bln in India as it boosts R&D efforts

NXP Semiconductors to invest more than $1 bln in India as it boosts R&D efforts By Arsheeya Bajwa NOIDA, Sept 11 (Reuters) - NXP Semiconductors NXPI.O will invest over $1 billion in India, doubling its research and development efforts, the Dutch company's CEO said on Wednesday, joining global names doubling down on a country looking to establish its presence in the industry.
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Broadcom rises, set for best day in over one month

BUZZ-Broadcom rises, set for best day in over one month ** Shares of chipmaker Broadcom AVGO.O jump 6% to $149.27, on track for best day since Aug. 8 if gains hold ** Stock top gainer on the Nasdaq 100 .NDX ** KeyBanc sees positive implications for Broadcom from latest Apple AAPL.O iPhone 16's AI-powered features, unveiled Monday, citing new phone's Wi-Fi 7 upgrade - thefly.com ** AVGO rises for second consecutive day after slumping over 10% on Sept.
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Data center operator Switch weighs IPO at about $40 billion valuation, sources say

EXCLUSIVE-Data center operator Switch weighs IPO at about $40 billion valuation, sources say By Echo Wang and David French NEW YORK, Sept 10 (Reuters) - The owners of Switch are exploring an initial public offering (IPO) of the data center operator that could value it at about $40 billion, including debt, according to people familiar with the matter.
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Wall St eyes higher open on soft landing optimism

US STOCKS-Wall St eyes higher open on soft landing optimism For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window Boeing jumps after reaching tentative labor deal Eli Lily up after appointing insider Montarce as CFO Dell, Palantir rise as stocks to be added to S&P 500 Futures up: Dow 0.56%, S&P 500 0.53%, Nasdaq 0.60% Updated at 8:25 a.m.
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Futures start week on upbeat note as soft landing optimism lingers

US STOCKS-Futures start week on upbeat note as soft landing optimism lingers For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Boeing jumps after reaching tentative labor deal Dell, Palantir rise as stocks to be added to S&P 500 Futures up: Dow 0.68%, S&P 500 0.74%, Nasdaq 0.85% Updated at 7:00 a.m.
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