Ahead of the Federal Reserve’s September policy meeting and the release of important retail sales data, Wall Street anticipated a rise in stock futures on Tuesday.
Futures on the Nasdaq-100 increased by 0.5%, while those linked to the S&P 500 index climbed 0.3%.
By 88 points, or 0.2%, the Dow Jones Industrial Average rose. A 10.7% increase in quarterly dividends to 83 cents per share caused Microsoft to rise by 2%. Also, a $60 billion buyback scheme was authorised by the corporation.
Following the announcement that the company intends to create a subsidiary for its foundry business, Intel shares surged by almost 7% in premarket trade. The business received funding from the Biden administration up to $3 billion through the Chips Act.
Source (CNBC)
