What's Going On With Intel Shares


Intel Corporation INTC shares are trading higher by 5.10% to $27.08 during Monday's trading session. Shares of semiconductor and chip companies are trading higher as stocks rebound following recent weakness. A drop in treasury yields has also helped lift the sector in today's session.

The 10-year Treasury yield hit an intraday low of 3.569% Monday morning before rising to around the 3.637% level. The intraday drop in U.S. Treasury yields benefits companies such that, when interest rates otherwise rise, the value of future cash flows is reduced for growth stocks, which in turn lower the value of the stock.

Equities fell in September due to concerns over inflation, contractionary Federal Reserve policy and a potential recession. An economic slowdown could negatively impact discretionary spending.

See Also: This Solar Company's 5-Year Return Beats Tesla, Bitcoin, Ethereum, Ford, Apple, Microsoft And Amazon

Market News and Data brought to you by Benzinga APIs
Posted In: MoversTrading Ideaswhy it's moving
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!