The S&P 500 Index ($SPX) (SPY) this morning is up +0.10%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.31%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.11%.
US stocks this morning are slightly higher on lower bond yields and some positive corporate news. Incyte Corp is up more than +7% after announcing that its board approved a share repurchase authorization of $2 billion. Also, Intel is up more than +2% after the Wall Street Journal reported the company is in advanced talks for a deal in which Apollo Global Management would provide more than $11 billion to help the company build a chip plant in Ireland. In addition, Apple is up more than +1% after it was reported the company is closing in on an agreement to use OpenAI’s technology in its upcoming iOS 18 mobile operating system.
