Intel Corporation (INTC) Fell as its Results and Guidance Fell Short of Expectations

Invesco Distributors, Inc., an investment management firm, released its “Invesco Growth and Income Fund” third quarter 2024 investor letter. A copy of the letter can be downloaded here. US stocks experienced increases in the third quarter despite a drop in early August as inflation subsided and the Federal Reserve (Fed) initiated its much-anticipated monetary easing cycle. As interest rates became more predictable, investors shifted their focus from technology and artificial intelligence (AI) equities, which had dominated much of 2024, to small-cap and value stocks that may profit from...