STOCK MARKET WATCH: Wednesday, 20 March 2024

[Tansy_Gold]

STOCK MARKET WATCH: Wednesday, 20 March 2024

Previous SMW:
SMW for 19 March 2024



AT THE CLOSING BELL ON 19 March 2024


Dow Jones 39,110.76 +320.33 (0.83%)
S&P 500 5,178.51 +29.09 (0.56%)
Nasdaq 16,166.79 +63.34 (0.39%)

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Market Conditions During Trading Hours:

Google Finance
MarketWatch
Bloomberg
Stocktwits

(click on links for latest updates)

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Currencies:






(Awaiting new links)


Gold & Silver:

(Awaiting new links)


Petroleum:

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DU Economics Group Contributor Megathreads:

Progree's Economic Statistics (with links!)
mahatmakanejeeves' Rail Safety Megathread
mahatmakanejeeves' Oil Train Safety Megathread

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Quote for the Day:

In some people's minds and in some theoretical models cultural icons like Barbie represent the lowest common denominators of mass culture. By now, though, researchers have documented the rich, multi-faceted character of cultural icons. No icon represents only one dimension or axis of a culture. Instead, icons become such because of their versatility, thick folds of meaning, adaptability to diverse individuals' needs or interests, ultimate ambiguity, and open-ended nature.

Mary F. Rogers. Barbie Culture. SAGE Publications. © 1999.

This thread contains opinions and observations. Individuals may post their experiences, inferences and opinions on this thread. However, it should not be construed as advice. It is unethical (and probably illegal) for financial recommendations to be given here.

[bucolic_frolic]

2. Intel awarded up to $8.5 billion in CHIPS Act grants, with billions more in loans available

https://www.cnbc.com/2024/03/20/intel-awarded-up-to-8point5-billion-from-chips-act-with-loans-available.html

Intel is in line to receive as much as $8.5 billion in direct funding from the federal government as part of the CHIPS Act, the White House said on Wednesday.
The company could also receive up to $11 billion in loans tied to the legislation, which was passed in 2022.
The awards highlight the scale of the Biden administration's push to subsidize semiconductor manufacturing on U.S. soil.


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That article hit last night. Intel is trading down today about 25 cents. Apparrently this news has been expected for a long time to help Intel compete with Taiwan Semiconductor, and that's why it didn't jump the stock.