Intel Higher on $3.5 Billion Federal Grant: Market Movers Today
Monday, 16 September 2024, 03:34
Market Movers Overview
In today's premarket action, Intel shares are up nearly 3% following a report from Bloomberg News stating the company has qualified for a federal grant potentially worth $3.5 billion aimed at producing advanced chips for the Pentagon. These developments highlight significant government investment into technology.
Additional Notable Moves
- Trump Media & Technology shares are climbing by 3.5% after the FBI reported foiling a second assassination attempt on former President Donald Trump.
- Boeing shares have gained about 0.5% following a recent decline, as Moody's Ratings has placed all of the aerospace giant's credit ratings under review for a potential downgrade, amid concerns regarding ongoing strikes.
- Tesla shares increased around 0.5% as the electric vehicle manufacturer announced it has produced its 100 millionth 4680 battery cell.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.