Nasdaq Smashes Record
Live Blog Update #2 Published
Technology and AI stocks have boosted the Nasdaq Composite to its latest all-time high level, gaining 1% to above the 25,300 threshold. Double-digit percentage gains in Big Tech stocks like Micron Technology, AMD and Intel are leading the charge.
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Wall Street’s earnings calendar could look very different if the SEC gets its way. The regulator proposed today that public companies be given the choice to report financial results just twice a year rather than the four times currently expected, replacing the familiar quarterly Form 10-Q with a new semiannual Form 10-S filing. Companies electing the new schedule would file one interim report and one annual report per fiscal year, cutting the existing three-quarterly-plus-annual cycle. The SEC cast the proposal as a modernization of interim reporting obligations, handing executives the autonomy to align disclosure frequency with what they believe serves investors best.
Bloomberg reports Apple has been in behind-the-scenes discussions with both Intel and Samsung about handing off production of the main processors powering its device lineup, a potential supply chain shake-up adding another layer of intrigue to the chip sector’s already eventful session. Intel (NASDAQ:INTC) is the day’s headline mover, rocketing 12% to a fresh all-time high, a surge amplified by the Apple chip production chatter circulating across the market. Micron Technology (NASDAQ:MU) is another bright spot, with shares punching above $600 for a 10% gain that underscores the sector’s broadening momentum.
Gerelyn Terzo is the author of dividend investing handbook "Dividend Investing Strategies: How to Have Your Cake & Eat It Too." A veteran financial journalist, she covers agri-finance for outlets like Global AgInvesting and the broader stock market and personal finance for 24/7 Wall Street. She began at CNBC and later helped launch Fox Business in New York. Gerelyn currently resides in Woodland Park, Colorado and dabbles in nature photography as a hobby.