Market Updates
U.S. Movers: Hewlett Packard Enterprise, Intel, Microsoft
Scott Peters
17 Sep, 2024
New York City
Microsoft Corp. jumped 2.2% to $440.71 after the software developer announced a $60 billion stock buyback plan and increased its dividend by 10.7% to 83 cents per share.
Intel Corp. advanced 2.4% to $21.42, and the advanced chipmaker said it plans to create a new entity for its foundry business, allowing the unit to raise its own capital.
Hewlett Packard Enterprise jumped 5.5% to $18.17 after Bank of America upgraded the stock to "buy" from "neutral," citing several catalysts for the company's server demand.
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