Intel is turning its chip contract manufacturing business into an independent subsidiary, and Microsoft boosts its quarterly dividend and says it will begin a new $60 billion buyback program.

Brief Hosts Seana Smith and Brad Smith break down some of Tuesday's trending tickers on the Yahoo Finance platform Mizuho Securities has initiated coverage of Dell Technologies (DELL), giving it an Outperform rating and a price target of $135,

The stock market edged higher in the morning but gave up the gains by midday. At last check the S&P 500 lost 0.27% and the tech-heavy Nasdaq Composite edged 0.08% lower. The Dow Jones Industrial Average lost 0.

Stocks were mixed on Tuesday as Wall Street prepared for the first interest-rate cut from the Federal Reserve since 2020.These stocks made moves Tuesday:Intel was up 2.7% after saying its contract-chip-manufacturing business will become an independent subsidiary.