Palantir, Dell Join S&P 500

45 minutes ago

Shares of Palantir Technologies (PLTR) rose while those of Dell Technologies (DELL) fell slightly Monday morning as the stocks joined the benchmark S&P 500 Index.

That’s in contrast to Sept. 9, the first day of trading after S&P Global announced their additions to the index, along with insurer Erie Indemnity (ERIE). All three got a boost then.

Companies can see their stocks get a lift when they’re added to a major index like the S&P 500. Inclusion exposes them to a wider group of investors who could become aware of a company through an index, while the stocks can also be added to various index funds that track stocks which are added to the measures.

Palantir shares were up 1.3% in recent trading, while Dell slipped 0.4% and Erie added about 2%.

–Bill McColl

Major Indexes in Positive Territory for the Month

1 hr 39 min ago

With their gains last week, the major U.S. stock indexes are kicking off the final full week of trading in September in positive territory for the month.

After starting the month with their worst week of the year amid concerns about the economy and a downturn for technology stocks, the equities market has slowly recovered, with last week's interest rate cut by the Federal Reserve providing the latest boost.

The S&P 500 and Dow Jones Industrial Average have posted monthly gains for four consecutive months and are both near record highs. The Nasdaq is looking to record its second straight month of gains.

Intel Levels to Watch as Stock Gains on News of Possible Deals

2 hr 52 min ago

Intel (INTC) shares were gaining in premarket trading after Bloomberg reported on Sunday that asset manager Apollo Global Management has offered to invest as much as $5 billion in the struggling chipmaker.

The weekend news came after The Wall Street Journal reported on Friday afternoon that Qualcomm (QCOM) has approached intel about a potential acquisition.

Intel Chief Executive Officer Pat Gelsinger recently outlined a comprehensive plan to turn around the troubled chipmaker and revive its slumping stock price.

Since the start of the year, Intel shares have lost more than half their value but recovered around 11% last week as investors cheered recent developments. The stock was up 1.1% at $22.08 in recent premarket trading.

Since gapping sharply lower in early August, Intel shares appear to be carving out a double bottom, a classic chart pattern that signals a potential trend reversal.

Friday’s rally occurred on the highest trading volume since an early August gap, suggesting healthy buying conviction behind the move.

Investors should monitor key overhead price levels on Intel's chart at $22, $25, $30, and $35.

Read the full technical analysis piece here.

–Timothy Smith

Futures Point to Slightly Higher Open for Major Indexes

2 hr 52 min ago

Futures tied to the Dow Jones Industrial Average were up 0.1%.

S&P 500 futures were also up about 0.1%.

Nasdaq 100 futures were up 0.2%.

Take the Next Step to Invest Advertiser Disclosure × The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace.