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Nasdaq suffers 3% loss as investors rotate out of technology after Intel slump

FROM THE WIRE · SEEKINGALPHA.COM

[Nasdaq quotation on illuminated boards in Times Square] Manakin The Nasdaq Composite (COMP:IND [https://seekingalpha.com/symbol/COMP:IND]) declined 3% on Friday due to a continued technology rout intensified by Intel’s (INTC [https://seekingalpha.com/symbol/INTC]) disappointing…

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA 3% Nasdaq drop and Intel's collapse signal heavy pressure on the tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The Nasdaq Composite fell 3% on Friday.
  2. 02Intel dropped more than 30% after third-quarter guidance missed estimates.
  3. 03Other semiconductors including AMD and Qualcomm were also sold.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Intel Corp.INTCStock63.56 USD+0.04%today -30.96%Negative Advanced Micro Devices, Inc.AMDStock494.47 USD-0.54%today -12.70%Negative QUALCOMM IncorporatedQCOMStock162.50 USD+0.19%today -12.36%Negative NASDAQ CompositeINDEX:IXICIndex25,271.95+0.02%today -3.49%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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