U.S. Stock Movement: Nasdaq Up 1%, Most Leading Tech Stocks Rise, Intel (INTC.US) Jumps Nearly 11%

Stock News01-21 23:58

On Wednesday, U.S. stocks extended their gains, with the Nasdaq Composite Index climbing 1%. The majority of leading technology stocks advanced, with Intel (INTC.US) surging nearly 11%, pushing its total market capitalization above $250 billion to its highest level in four years. Advanced Micro Devices (AMD.US) rose over 8%, Micron Technology (MU.US) gained more than 6%, Tesla (TSLA.US) increased over 2%, while NVIDIA (NVDA.US) and Alphabet (GOOGL.US) both climbed more than 1%.

In terms of market news, U.S. President Donald Trump delivered a speech at the World Economic Forum in Davos, Switzerland, drawing significant attention from international political circles and financial markets. Regarding the Greenland issue, Trump explicitly stated he would not employ military force, commenting, "I don't need to use force, and I don't want to use force." Additionally, Trump mentioned, "I will be announcing a new Chairman of the Federal Reserve in the near future. It will be a man. I think he will do a very good job, and he will be a highly respected person."

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