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U.S. stocks started in red Monday morning, with the Dow Jones dropping more than 1,000 points. By the end of the day, the Dow closed in green at 99 points higher.
Intel jumps on replacing CEO Bob Swan Exxon rises on J.P. Morgan upgrade to “overweight” Regeneron up as U.S. govt orders more COVID-19 therapy doses Indexes: Dow and S&P down 0.13%, Nasdaq flat
Jan 13 (Reuters) - Wall Street’s main indexes slipped on Wednesday as investors digested a recent run to record highs on hopes of new fiscal package and vaccine rollouts for the coronavirus-ravaged economy, while Intel shares jumped on executive change.
The chipmaker said it would replace Chief Executive Officer Bob Swan with VMware Inc CEO Pat Gelsinger next month. Its shares gained 7.5% to touch a six-month high.
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NEW YORK (Reuters) - Wall Street’s benchmark S&P 500 index closed slightly higher on Wednesday with defensive sectors leading gains as investors waited for details of the next U.S. fiscal stimulus plan and Congress began President Donald Trump’s impeachment hearings.
U.S. Treasury yields fell after rising for six straight sessions, giving a boost to rate-sensitive defensive sectors such as utilities and real estate, while economically sensitive cyclical sectors lagged.
Intel Corp was the biggest percentage gainer in the S&P, advancing 7% after the chipmaker said it would replace its Chief Executive Officer Bob Swan with VMware Inc CEO Pat Gelsinger next month.