
Morning Brief Stocks stall near highs, Home Depot beats trend, SoftBank backs Intel
US markets pause near record levels as investors await Fed Chair Powell’s Jackson Hole speech, with traders betting on a September rate cut. Home Depot (HD) rises after July trends improve, offsetting an earnings miss. SoftBank invests $2B in Intel (INTC), while Nvidia (NVDA) develops a new AI chip for China to work around export restrictions.
Takeaways:
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Stocks hover near record highs as Fed policy signals remain in focus
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Home Depot gains despite weaker results, buoyed by small project demand
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SoftBank bets $2B on Intel turnaround, boosting semiconductor sentiment
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Nvidia working on China-specific AI chip amid US export curbs
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