2 Rumors swirling around Wall Street Today by

© Stocksak. 2 Rumors swirling around Wall Street Today

By staff

Today’s gains were accompanied by continued optimism that the Fed would slow rate increases. Stocks rose today. There were many rumors about Wall Street amid the positive developments. Below are two:

Intel (NASDAQ: ) gained 0.8% today due to reports about its IPO prospects Mobileye (MBLY), unit are progressing better than expected. The Wall Street Journal reported that the deal would price at the top of the expected IPO range or higher.

Amazon The New York Post reported that Amazon has stopped hiring in some parts of its web services division. Recent reports indicated that Amazon was considering cutting back on some other areas of its business, but that it would not be cutting down on AWS.

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