Diamonds and Dogs
Intel (INTC) expanding in the US. Intel is up 2% to a new 52 week high after announcing they are spending $20 billion on two new semiconductor factories in Chandler, Arizona that will create over 3,000 permanent high-wage, high-tech jobs with over 3,000 construction jobs and approximately 15,000 local long-term jobs.
General Mills (GIS) pulls back. The packaged-food stock is down 5% reported lower than expected earnings as the company is losing momentum as the economy reports and people go back to eating out at restaurants.
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