Chip Stocks Close Lower on Intel Worries
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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 of Intel Corp. fell nearly 3 percent Wednesday, a day after the world's largest chip maker announced more than 10,000 job cuts that some investors believed were not severe enough.
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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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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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U.S. stocks declined on Tuesday, weighed down by losses in the technology sector after microchip maker National Semiconductor Corp.  cut its quarterly revenue forecast.
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U.S. technology stocks ended lower on Thursday as concerns about business spending dragged down shares of bellwethers such as Intel Corp , while caution before Friday's payrolls data limited a broader market advance.
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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.
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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. technology shares tumbled on  Friday after Intel Corp. INTC.O, the world'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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LONDON - U.S. stock market futures edged lower on Wednesday as Intel Corp.'s job-cutting plans didn't catch anyone off guard and as statistics may show relatively stagnant sentiment in the services sector, though Ford Motor Co.
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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.'s share of the market for personal-computer processors dropped to its lowest in 11 years during the fourth quarter as the chipmaker lost orders to Advanced Micro Devices Inc.
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Stocks fell on Wednesday after Intel Corp , the world's largest chip maker, gave quarterly earnings and a profit outlook that missed Wall Street estimates, fueling more recession talk.
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Stocks fell on Friday after liquidity trouble at a UK mortgage lender put financial stocks back in the hot seat, while downgrades of Intel Corp  and American Express Co  weighed down blue chips.
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Wall Street stocks retreated again on Wednesday during a volatile session in which Intel (NASDAQ:INTC)'s earnings figures prompted another bout of selling in the technology sector.
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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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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.