2 Rumors Swirling Around Wall Street Today By Investing.com

Stock market today: Dow ends lower on Google-led rout in tech, Fed hawkishness

2 Rumors Swirling Around Wall Street Today

Stock Markets Oct 24, 2022 05:08PM ET

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2 Rumors Swirling Around Wall Street Today

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By Investing.com Staff

Stocks added to recent gains today on continued hopes the Fed will slow rate hikes. Amid the upside, several rumors swirled around Wall Street. Below we highlight a couple:

Intel (NASDAQ:INTC) gained 0.8% today on reports the IPO prospects for its Mobileye (MBLY) unit are going better than expected. Reports from the Wall Street Journal suggested the deal will price at the top end or above the expected IPO range.

Amazon (NASDAQ:AMZN) is freezing hiring in parts of its lucrative web services division, the New York Post said. In the recent past, reports suggested Amazon was cutting back on other parts of the company but would leave AWS alone.

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Comments (1)

Chris Johnson Oct 24, 2022 5:40PM ET

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That stupid pivot rumor... just leads to even more retail losses

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perry winkler Oct 24, 2022 5:40PM ET

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yes. muahaha. you must believe.

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2 Rumors Swirling Around Wall Street Today

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