Stocks dip after Intel cuts forecast
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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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NEW YORK  -Stocks 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. 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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U.S. stocks were set for a lower start  on Friday after Intel Corp.'s INTC.O dismal mid-quarter  update, but a key employment report due before the opening bell  will set the market's tone, with investors looking for clues  into the health of the economy.
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NEW YORK Sept. 3, 2004 - US stocks are picked to open lower Friday after Intel Corp.&#39;s outlook soured the picture for the chip sector, but August non-farm payrolls, due out at 8:30 am, should set the tone for trading.
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Intel  on Tuesday posted  quarterly results and an outlook behind Wall Street targets,  sending its shares down 15 percent and stoking concerns about a  U.S. recession and further stock market sell-offs.
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Reduced revenue guidance from Intel (INTC:Nasdaq - news - research) had stocks under pressure Friday ahead of the key August employment report.
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US technology shares tumbled on Friday after technology bellwether Intel Corp. (INTC.O: Quote, Profile, Research) slashed its revenue forecast, but blue chips were only moderately lower as drug and industrial stocks made solid gains.
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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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SAN FRANCISCO -- Shares of Intel Corp. fell more than seven per cent yesterday 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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U.S. stock futures pointed to a lower   market open on Wednesday as investors weighed an announcement   of lay-offs from Intel Corp. INTC.O that was at the low end   of expectations against positive news from Ford Motor Co. F.N   that it has a new chief executive.
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U.S. stocks were little changed on  Tuesday as a sharp drop in consumer confidence in August  stirred fresh doubt about the economy and expectations for  Intel to pull in its quarterly revenue forecast weighed on  technology stocks.
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Investor's Business Daily - Chip giant Intel  (NasdaqGS:INTC - News) fell short in the fourth quarter and issued a tepid outlook, heightening concerns about the sluggish economy's impact on tech demand.
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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 extended losses on Wednesday, as recession concerns intensified after Intel Corp , the world's largest chip maker, gave quarterly earnings and a profit outlook that missed Wall Street estimates.
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US chip-related stocks, including Intel Corp., declined after Advanced Micro Devices Inc. said third- quarter sales fell from the preceding period.
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Stocks were little changed on Friday as weakness in semiconductor makers after a broker downgrade of Intel Corp was offset by strength in energy producers.