Shares of Fannie Mae rose about 20% to $10 as of midday Friday, while shares of Freddie Mac rose 19% to $7.85, after The Wall Street Journal earlier reported that Trump was considering the move.

Some officials believe the offering could raise around $30 billion and value the combined firms at roughly $500 billion or more.

President Trump’s administration is aiming for the initial public offerings of mortgage finance giants Fannie Mae and Freddie Mac later this year, the Wall Street Journal reported on Friday. The plans under discussion could value the companies at roughly $500 billion or more combined,

Intel’s shares slumped Thursday as President Donald Trump said in a social media post that the chipmaker’s CEO must resign immediately.

President Trump called on the chief executive of Intel to resign, a day after Sen. Tom Cotton (R., Ark.) said he had raised national-security concerns to the chip maker's board. “The CEO of INTEL is highly CONFLICTED and must resign,