Intel, Qorvo, Rivian, and More | Global News Avenue

U.S. stocks were higher at midday on Friday, ahead of the Martin Luther King Jr. Day holiday, on renewed optimism that lower inflation will lead to more economic growth. Fed Cut interest rates. this Dow Jones Industrial Average, S&P 500 Indexand Nasdaq All rose at least 1%.

Intel (international trade center) There are reports that one of the largest chip manufacturers in the United States may be a take over Target.

Shares of Qorvo, another semiconductor maker (QRVO), surged on news of action by hedge fund Starboard Value 7.7% equity in the company.

Rivian Automobiles (Rivigne) after the electric vehicle (EV) maker finalized a deal of up to $6.6 billion in federal loans Building a factory in Georgia.

Meanwhile, JB Hunt Transport Services (JBHT) was the worst-performing stock in the S&P 500 on Friday, behind only shipping companies Missed profit and sales expectations Freight volumes fell as the trucking industry continues to struggle.

State Street Bank stock (short transfer time) fell on concerns about the financial company’s full-year results prospect.

view (variable speedThe company’s shares fell when a fire broke out at the power provider’s battery storage facility in Northern California, which the company claims is the world’s largest.

Oil futures fell. Gold prices rise. The 10-year Treasury yield was little changed. The dollar rose against the pound, euro and yen. Most major cryptocurrencies are trading higher.