Stock markets rebounded Thursday, with the S&P 500 gaining over 1% and the Nasdaq 1.6%, after the prior session’s Fed-driven sell-off. Intel and Micron surged nearly 10% and more than 5% respectively. Boeing is stabilizing 737 Max production at 47 planes per month, taking longer than anticipated due to wing production issues, and its CFO said free cash flow is less likely to exceed the midpoint of their $1 billion to $3 billion outlook. Loudoun County, Virginia voted to issue a 12-month pause on data center applications, which could help companies involved in the sector deal with supply constraints. Lower oil prices and bond yields supported the rally.
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