"Market Movers: Intel's Bleak Forecast Impacts Tech Stocks"

Stocks were mixed as Intel's gloomy outlook and a positive inflation reading influenced investor sentiment. Intel's first quarter outlook fell short of expectations, leading to a decline in tech stocks. The release of the PCE index for December showed a slower rate of inflation growth, potentially prompting the Federal Reserve to consider cutting interest rates later this year. Additionally, investors are closely watching earnings reports for insight into the health of corporate America and the economy. Spirit Airlines' stock sank after JetBlue warned that their merger agreement may be terminated, impacting the probability of the $3.8 billion sale.