"Intel's Disappointing Q1 Outlook Sends Stock Tumbling"

TL;DR Summary
Nasdaq 100 futures slid after Intel issued weak guidance, with S&P 500 and Dow Jones futures also dropping; Intel's stock price sunk nearly 10% in after-hours trading, while T-Mobile lost 1.9% after missing earnings expectations; encouraging economic data buoyed stocks, with the S&P 500 and Nasdaq posting gains for the sixth straight day; UBS recommends switching from cash to bonds to buffer portfolios from a downturn; MRB Partners predicts a rebound in transportation stocks due to a potential reversal in freight shipments and increased global trade.
- Stock market today: Live updates CNBC
- Intel sinks after first quarter outlook disappoints Yahoo Finance
- Intel Q1 guidance misses expectations, Wedbush analyst says, 'I'm a bit surprised' Yahoo Finance
- Intel Q4 2023 Earnings: Data Center and AI (DCAI) Segment Fails to Deliver on Hype Wccftech
- Intel Stock Falls As Chipmaker's Outlook Misses Investor's Business Daily
Reading Insights
Total Reads
0
Unique Readers
11
Time Saved
5 min
vs 6 min read
Condensed
92%
1,016 → 86 words
Want the full story? Read the original article
Read on CNBC