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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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Liberals Secure Fourth Mandate Amid Political Shifts

The Liberal Party of Canada has achieved a historic fourth consecutive mandate, led by Prime Minister Mark Carney. This victory marks a significant rebound for the party, which faced challenges following the resignation of former Prime Minister Justin Trudeau earlier this year. 

While the final count of seats remains uncertain, early projections suggest the Liberals may form a minority government, requiring collaboration with other parties to pass legislation. Carney, who won his Ottawa-area riding, emphasized unity and inclusivity in his victory speech, promising to govern for all Canadians. 

The election saw a dramatic collapse in support for the New Democratic Party, with leader Jagmeet Singh announcing his resignation after losing his seat. Meanwhile, Conservative leader Pierre Poilievre vowed to hold the Liberal government accountable, despite trailing in his own riding. 

This election unfolded against the backdrop of economic tensions with the United States, housing affordability concerns, and climate policy debates. Canadians now await the final seat count to determine the shape of their next government.

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