Trump seeks Iran reparations as Intel share sale lifts markets

Former U.S. President Donald Trump on Friday demanded reparations from Iran following a reported drone attack on U.S. forces in the Middle East, while Intel's planned $20 billion share sale lifted sentiment in the tech sector.

Trump, in a post on Truth Social, called for Iran to pay reparations for the attack, which he described as an "act of war." The incident, if confirmed, follows heightened tensions in the region amid ongoing geopolitical instability. The demand for reparations adds to market concerns over potential escalation in the Middle East, which has historically impacted oil prices and global risk sentiment.

Separately, Intel shares rose after the company announced plans to sell up to $20 billion in new shares, a move aimed at reducing debt and funding capital expenditures. The secondary offering, one of the largest in the tech sector this year, was priced at $26.50 per share, a slight discount to Thursday's closing price of $27.10. Analysts noted the sale could signal confidence in Intel's long-term growth strategy, though some warned of potential dilution for existing shareholders.

Tech stocks broadly advanced, with the Philadelphia Semiconductor Index up 1.2% by midday trading. The S&P 500 Information Technology sector also gained 0.9%, outpacing the broader market. Intel's shares were up 2.3% in pre-market trading following the announcement.

The juxtaposition of geopolitical tensions and corporate financing activity underscored the mixed drivers of market sentiment on Friday. While Intel's share sale provided a technical boost, the broader macro backdrop remained fragile, with investors monitoring developments in the Middle East and their potential implications for energy markets and global trade.