Futures drop as Intel disappoints
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Stock futures dropped on Wednesday, suggesting Wall Street will add to Tuesday's sharp losses, after Intel Corp's disappointing earnings and profit outlook made recession look more likely.
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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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US stock-index futures declined. Dow Jones Industrial Average shares including General Electric Co. slipped in Europe. Citigroup Inc.
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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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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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U.S. stock futures pointed to a lower  market open on Thursday, weighed down by rising oil prices and  a crop of warnings in the chip sector.
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U.S. stock index futures fell on Friday, with the Dow poised to be knocked back below its 14,000 milestone, after bellwether stocks Caterpillar Inc.  and Google Inc  posted disappointing earnings.
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A sell-off in tech stocks following Intel Corp&#39;s disappointing outlook pushed Asian shares lower yesterday, overpowering pockets of strength in some financial, consumer and industrial issues.
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Investors are expected to dump technology shares today in the wake of a financial update last night from bellwether Intel Corp. that one analyst called &quot;a disaster.
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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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Stocks to watch on Tuesday: ADVANCED  MICRO DEVICES INC. AMD.N, INTEL CORP. INTC.O:
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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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Shares of Intel fell sharply as the nation's largest semiconductor maker lowered its revenue and profit margin forecast.
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Intel Corp. INTC.O shares slipped on  Tuesday after Credit Suisse First Boston downgraded the stock,  forecasting that the computer chip maker will have difficulty  outperforming the overall semiconductor sector next year.
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Wall Street stocks were volatile on Wednesday after Intel (NASDAQ:INTC)'s disappointing figures drained more confidence from the technology sector.
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Intel Corp  on Tuesday posted quarterly results and an outlook behind Wall Street targets, sending its shares down nearly 15 percent.
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By JORDAN ROBERTSON  SAN JOSE, Calif. - Shares of Intel Corp. fell in after-hours trading after the world's largest chip maker announced sweeping job cuts that some investors believed were not severe enough.  Intel shares fell 26 cents to $19.73 in after-hours trading Tuesday.