Intel stock surges toward a 1-year high, leads all of the Dow’s early gainers
Shares of Intel Corp.
INTC,
jumped 6.2% toward a near one-year high in premarket trading, enough to pace all the Dow Jones Industrial Average’s
DJIA,
early gainers, in the wake the semiconductor maker’s better-than-expected second-quarter earnings report. The stock’s implied price gain would add about 14 points to the Dow’s price, while Dow futures
YM00,
gained 132 points, or 0.4%. The stock was on track to open around the highest closing price seen since Aug. 1, 2022. Intel’s upbeat results provided a broad boost to the chip sector, as all 28 components of the PHLX Semiconductor Index
SOX,
that have traded in the premarket gained ground.
