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Intel (INTC) led a broad semiconductor advance Tuesday, with shares jumping 8%. Northland Securities upgraded Intel to Outperform from Market Perform and set a $120 price target amid investor focus on a potential CPU price increase.
U.S. stocks fell Tuesday as crude oil extended higher, pushing the 10-year Treasury yield above 4.8% and reviving bets the Federal Reserve could raise rates next week. The Dow led declines, while Amgen was the biggest drag.