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Market Impact: 0.35
Intel Climbs 4% as Chip Stocks Shrug Off Rising Rate Hike Odds; NVIDIA and AMD Move Higher
Source: 247wallst.com
Interest Rates & YieldsEconomic DataTechnology & InnovationMarket Technicals & Flows
Semiconductor stocks are outperforming despite a hot August payrolls report lifting the probability of a September Fed rate hike. The iShares Semiconductor ETF (SOXX) is up 3% to $517 in Friday morning trading. The juxtaposition suggests investors are buying semis even as higher-rate expectations remain a headwind for broader tech.
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mildly positive
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