Stocks stage a comeback after Fed-induced declines
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
TL;DR
- Stocks rallied on Thursday, with the S&P 500 and Nasdaq showing gains after a previous session's sell-off related to Federal Reserve actions.
- Club stocks Intel and Micron experienced significant surges in their share prices.
- Boeing shares declined further due to ongoing issues with 737 Max production and anticipated lower free cash flow.
- A 12-month pause on data center applications in Loudoun County, Virginia, was implemented, which could aid companies facing supply constraints.
- Jeff Marks advised caution against predicting future interest rate hikes, emphasizing inflation's dependence on oil prices.