ECB’s Nagel: Current monetary policy is appropriate

Intel surged 8.4% Tuesday on three confirmed catalysts: Xeon 8000 MT memory upgrade, expanded Google Cloud AI deal, and 18A cloud foundry commitment. 18A yields at 85%. Earnings Thursday. At $105, here is the setup.

TradingKey - On July 21 ET, the three major U.S. stock indices closed higher collectively, led by the Nasdaq. Despite Middle East tensions continuing to drive up oil prices and Treasury yields, investors returned to AI and semiconductor stocks following a sharp correction, leading to a notable recov

Japanese and South Korean stock markets extended their rally, with the KOSPI surging nearly 6% and the Nikkei 225 gaining nearly 2%. Kioxia and SK Hynix soared approximately 9%, while Samsung Electronics and SoftBank also followed the upward trend.

TradingKey - This earnings season is off to a strong start, with 87% of the 54 S&P 500 components that have reported so far exceeding profit expectations. Additionally, reports that TSMC will raise prices by 10% next year boosted rallies in chip and memory stocks. U.S. stocks rebounded sharply, with all three major indices closing higher and the Philadelphia Semiconductor Index surging over 5%. At the close, the Dow Jones Industrial Average rose 0.74% to 52,224.64; the Nasdaq Composite Index gained 1.29% to 25,837.21; and the S&P 500 Index climbed 0.89% to 7,509.20.

TradingKey - IBM is trading around $213 today, slightly higher after last week's record crash. Options pricing a 7% swing before Wednesday's full Q2 report. Wedbush holds $350. Average analyst target $271. Here is what the session and the chart are saying.