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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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Stock Market Today: World Shares Mostly Advance After Wall St Comeback from Worst Loss Since 2022

Shares were mostly higher in Asia and Europe on Friday following a patchy comeback by Wall Street from its worst loss since 2022. Here are the key highlights:

  • Asia:
    • Tokyo: The Nikkei 225 index initially gained but later slipped 0.5% to 37,667.41. Tokyo’s core consumer price index rose 2.2% in July, adding to expectations that the Bank of Japan may raise its near-zero benchmark interest rate.
    • Hong Kong: The Hang Seng edged 0.2% higher.
    • Shanghai: The Composite index edged 0.1% lower.
    • Seoul: The Kospi surged 0.9%.
    • Taiwan: The Taiex sank 3.3% after reopening following a typhoon-related closure.
  • Europe:
    • Germany: The DAX edged 0.2% higher.
    • France: The CAC 40 rose 0.8%.
  • U.S. Futures and Oil Prices:
    • U.S. futures and oil prices also saw gains.

The split performance on Wall Street saw general stocks and other previously downtrodden areas rise, while Big Tech stocks gave back some of their recent gains. Overall, markets remain volatile, influenced by global economic conditions and investor sentiment.

Remember to stay informed and consider professional advice when making investment decisions. 


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