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Market Movers: UK Tax Relief, Intel Surge, and Geopolitical Tensions
Stock Market News· 2025-10-02 02:38
Key TakeawaysThe UK government plans to exempt shares of newly-listed companies from stamp duty, a move aimed at boosting London's appeal as a financial hub.Intel (INTC) shares surged 6% to $35.60, driven by increased trading volume, indicating strong investor interest.Former U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell, labeling him an "obstructionist" on Truth Social, potentially signaling future monetary policy clashes.Volkswagen of America reported a 6% year-on-year decline ...