U.S. stocks rose on April 24 after the Justice Department said it is closing its Jerome Powell investigation, while Intel’s earnings sent its shares sharply higher.
U.S. stocks opened higher on April 24, with the Nasdaq and S&P 500 gaining after the Justice Department said it is closing its investigation into Federal Reserve Chair Jerome Powell and Intel shares surged on earnings.
Reuters reported the S&P 500 was up 0.40% and the Nasdaq was up 0.73% at the open. The move followed the DOJ announcement that its Powell probe is ending, a development that removes a political cloud around the Federal Reserve chief and, according to Reuters, may also clear the way for Kevin Warsh’s confirmation as Powell’s successor nominee.
Intel added another boost. The chipmaker reported first-quarter 2026 revenue of $13.6 billion and non-GAAP EPS of $0.29, and guided second-quarter revenue to a range of $13.8 billion to $14.8 billion. Intel said AI demand is increasing the need for its CPUs and related products.
The stock’s strength helped support broader technology shares early in the session. The market was still contending with other macro and geopolitical pressures, but the two headline drivers on the day were the DOJ move and Intel’s quarterly results.
The next market checkpoint will be how those gains hold through the close and whether traders keep rotating into megacap tech and semiconductors.
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Initial automated publication.