Stocks stage a comeback after Fed-induced declines

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Stocks stage a comeback after Fed-induced declines

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.