Semiconductor stocks were up on Thursday after largely having slipped this last month. Nvidia (NASDAQ:NVDA) was up over 2.0% at the time of writing. Advanced Micro Devices (NASDAQ:AMD) was up over 0.5%. Taiwan Semiconductor (NYSE:TSM) was up 0.2%. The lone drop came from Intel (NASDAQ:INTC), which shed 0.15%.
Fed Decision
The moves came in large part due to relief at the news that the Federal Open Market Committee (FOMC) did not intend to raise rates and is still open to lowering them before the year is out. This was mostly expected, but some feared that disappointing inflation numbers would lead the FOMC to raise rates or indicate there was little hope of any reduction in the near ...Full story available on Benzinga.com
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