Intel leads Nasdaq as markets await Trump impeachment vote

intel leads nasdaq as markets await trump impeachment vote

Head of Equities Americas at UBS Global Wealth Management David Lefkowitz on his outlook for the market.

The Dow Jones Industrial Average and the S&P 500 joined the Nasdaq in its rally on Wednesday as Intel shares lifted the composite after the company announced a new CEO.

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Bob Swan will step down on Feb. 15 and will be replaced by VMWare Inc. executive Pat Gelsinger. Intel also said it expects to exceed its fourth-quarter earnings and revenue guidance. Intel shares having their best day since April of last year.

INTEL CEO BOB SWAN IS OUT

Ticker Security Last Change Change % I:COMP NASDAQ COMPOSITE INDEX 13153.213671 +80.78 +0.62% INTC INTEL CORPORATION 57.26 +4.02 +7.55%

The Dow rose over 70 points or 0.2% while the S&P 500 gained 0.34% both reversing morning losses. The House of Representatives is preparing to begin impeachment proceedings against President Trump.

Ticker Security Last Change Change % I:DJI DOW JONES AVERAGES 31094.45 +25.76 +0.08% SP500 S&P 500 3815.27 +14.08 +0.37%

The decision to forge ahead with impeachment comes after Vice President Mike Pence on Tuesday evening said he would not invoke the 25th Amendment to remove Trump from office. The House, mostly along party lines, later passed a resolution urging Pence to invoke the …

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