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S&P 500 Edges Higher as Intel Extends Rally; Tapestry Slumps on Tariff Woes
S&P 500 Edges Higher as Intel Extends Rally; Tapestry Slumps on Tariff Woes
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BTCCSquare news:
The S&P 500 inched up less than 0.1% on Thursday, August 14, 2025, marking its third consecutive record close. Intel shares surged over 7%, continuing this week's rally amid reports of potential U.S. government investment in the chipmaker. Meanwhile, Tapestry shares plummeted after the Coach parent slashed its profit forecast, citing tariff-related headwinds.
Wholesale inflation data came in hotter than expected, fueling concerns about consumer price pressures and casting doubt on a potential Federal Reserve rate cut in September. The Nasdaq and Dow finished marginally lower, while Intel emerged as the S&P 500's top performer. Texas Pacific Land gained 3.4%.
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