Intel stock tumbles 7% after lowered outlook
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SAN FRANCISCO - Intel Corp.&#39;s shares fell more than 7 percent yesterday, a day after the computer chip giant&#39;s management lowered the company&#39;s financial projections after concluding businesses and consumers aren&#39;t in a spending mood.
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Intel Corp., the world&#39;s biggest maker of semiconductors, reduced its third-quarter revenue forecast Thursday, blaming lower-than-expected demand for flash memory and PC chips.
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US technology shares tumbled on Friday after Intel Corp. , the world&#39;s No. 1 chip maker, slashed its revenue forecast, but blue chips were only moderately lower as drug and industrial stocks gained.
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The Nasdaq composite index fell more than 2 percent on Friday, hit by concerns about weak job growth and a brokerage downgrade of chip maker Intel Corp .
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NEW YORK  -The S&P 500 and the Nasdaq fell in choppy trade on Wednesday, as pessimism about the U.S. economy mounted after Intel Corp , the world's largest chip maker, posted earnings and a profit forecast that disappointed investors.
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NEW YORK - U.S. stocks are picked to open lower Friday after Intel Corp.'s outlook soured the picture for the chip sector, but August non-farm payrolls, due out at 8:30 a.m., should set the tone for trading...
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Stocks fell on Tuesday as a sharp drop  in U.S. consumer confidence in August stirred fresh doubt about  the economy and analysts lowered revenue forecasts for  technology bellwether Intel Corp. INTC.O
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Intel, the world's leading computer chip maker, slashes its revenue forecasts, triggering a decline in global chip stocks.
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U.S. stocks fell on Wednesday, with   the Nasdaq dropping more than 1 percent, as Intel Corp.   INTC.O dragged other technology issues lower and surging U.S.   labor costs renewed inflation concerns.
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NEW YORK - Stocks were modestly lower in Friday as investors sorted through an uninspiring employment report and Intel Corp.'s weak profit outlook hit technology shares hard.    Investors were satisfied with - but not impressed by - the Labor Department's latest reading on unemployment, which fell to 5.4 percent from 5.5 percent in July, and the 144,000 jobs created in August was close to the 150,000 Wall Street had expected...
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A sell-off in tech stocks following  Intel Corp.'s disappointing outlook pushed Asian shares lower  on Friday, overpowering pockets of strength in some financial,  consumer and industrial issues.
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Shares of chip companies closed lower Tuesday as Wall Street began to look ahead at a mid-quarter report expected by Intel Corp. on Thursday, with some analysts concerned the semiconductor giant might lower expectations.
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SHARES are set for a bumpy ride after Wall Street lost ground on the weekend, derailed by weak US jobs data and a poor prognosis from Intel which sparked worries for the health of the tech sector.
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U.S. stocks fell on Wednesday after   revised data on labor costs stirred inflation concerns and   Intel Corp. said it would cut fewer jobs than some investors   expected.
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Chip stocks fell across the globe on Friday after Intel, the market leader, slashed its forecasts for revenue and profit margin for the third quarter, citing unexpectedly weak demand.
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STOCKS in the United States fell - led by technology shares - after the world&#39;s biggest semiconductor maker Intel cut its revenue forecast because of slowing demand for personal computers and mobile phones.
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US stock futures pointed to a sharply lower start Friday as Intel Corp.&#39;s disappointing third-quarter revenue and margin forecast sent chip stocks tumbling overseas.