Morning Brief S&P 500 hits 10th record, Trump-Powell drama, Intel slides
Stocks hold steady after the S&P 500 closes at its 10th record high in 19 sessions, though some warn of a bubble amid rising retail trading. President Trump and Fed Chair Powell tour the Fed’s renovation site, downplaying any rift as Trump again calls for rate cuts. Intel (INTC) falls after the CEO signals more cost-cutting and cancels factory projects. Paramount (PARA) and Skydance win FCC approval for their merger, while Centene (CNC), Sunnova (NOVA), and Deckers (DECK) are trending tickers. Crypto treasuries and balance sheet strategies also make headlines.
Takeaways:
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S&P 500 extends record run, but bubble warnings grow louder
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Trump and Powell downplay tensions; Fed rate cut hopes linger
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Intel stock tumbles on cost-cutting, factory delays; Paramount, Skydance merger clears FCC
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