Major US stock indices are closing the day with mixed results. The Dow industrial average is lower while the S&P and NASDAQ indices are ending the day with positive results after CPI data came in weaker than expectations.
A snapshot of the closing levels shows:
- Dow industrial average fell -82.55 points or -0.20% at 41350.93.
- S&P index rose 27.23 points or 0.49% at 5599.30.
- NASDAQ index rose 212.35 points or 1.22% at 17648.45
- Russell 2000 rose 2.87 points or 0.14% at 2026.46.
After the close Intel announced that Lip Bu Tan will be the next CEO. Tan has been pegged going back to December as a top candidate. He was on the board of Intel from 2022 to 2024. He was previously the CEO of Cadence and has sat on the boards of Hewlett-Packard, Softbank, and Semiconductor Manufacturing International Corporation, among others.
Tan departed in August after clashing with Gelsinger on several aspects of Intel’s turnaround plan, including the size of the company’s workforce, its contract manufacturing strategy, and its work culture.
Share of Intel are up 12.28% in after hours trading.
