US stocks flat amid Trump impeachment debate, Intel surges | Malay Mail

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WASHINGTON, Jan 13 ― Wall Street stocks were flat early Wednesday, with Intel surging on a new CEO appointment as investors monitored a Capitol Hill debate on impeaching US President Donald Trump. Shares of Intel surged about 10 per cent as the chipmaker named VMware head Pat Gelsinger as its new...

The broad-based S&P 500 was unchanged at 3,801.44, while the tech-rich Nasdaq Composite Index added 0.2 percent at 13,096.29. — Reuters pic

Shares of Intel surged about 10 per cent as the chipmaker named VMware head Pat Gelsinger as its new chief executive, replacing Bob Swan after pressure from activist investors. “The impeachment dealings in Washington are generating a lot of attention, yet they have not generated any meaningful reaction in the market,” said Briefing.com analyst Patrick O’Hare.The broad-based S&P 500 was unchanged at 3,801.44, while the tech-rich Nasdaq Composite Index added 0.2 per cent at 13,096.29.

 

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