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Intel’s Weak Earnings Put Futures on Ice After a Choppy Week

U.S. stock futures lost momentum Friday morning as Wall Street tried to steady itself after several days of sharp swings. Dow futures slipped, while S&P 500 and Nasdaq futures hovered slightly lower, signaling a cautious start to the trading day. The hesitation came largely from Intel’s disappointing earnings report. The chipmaker’s results and weaker outlook weighed heavily on tech sentiment, sending its shares sharply lower in pre‑market trading. Investors had hoped for stronger numbers given the industry’s AI‑driven momentum, but Intel’s update suggested ongoing challenges in key segments like data‑center chips. The broader market has been wrestling with volatility all week, driven by shifting economic expectations and uneven corporate results. With the S&P 500 on track for another weekly decline, traders appear reluctant to make big moves until they see clearer signs of stability.
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Wall Street Aims for Gains to Close 2023 in Subdued Holiday Trading

Wall Street is aiming for gains to close out 2023 in subdued holiday trading. Futures for the S&P 500 and the Dow Jones Industrial Average each edged less than 0.1% lower before the bell, but markets so far are holding on to gains for the week with little in the way of new economic data or corporate earnings. On Tuesday the S&P 500 rose 0.4% to 4,774.75, finishing less than 0.5% below its all-time high set nearly two years ago. The benchmark index is coming off eight straight weekly gains, its longest winning streak since 2017.

Investors should keep in mind that the stock market is volatile and can be unpredictable. It is important to do your research and invest wisely. If you are new to investing, it is recommended that you seek the advice of a financial advisor.


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