Wall Street slides for the week as tech rout sends Intel down nearly 26% and Alphabet down 12.2%
FROM THE WIRE · SEEKINGALPHA.COM
[Wall Street sign in Lower Manhattan, NYC] georgeclerk Wall Street’s major indexes declined at least 1% each this week amid a deep technology trade rout. Intel plunged nearly 26% after weak guidance, while Alphabet dropped 12.2% following disappointing results. Microsoft…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe weekly drop in major indexes and sharp falls in mega-cap tech stocks can weigh on the whole sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Wall Street's major indexes each fell at least 1% during the week.
- 02Intel plunged nearly 26% after weak guidance.
- 03Alphabet dropped 12.2% following disappointing results.
- 04The Fed held rates at 3.75%-4.00%, while September core PCE rose 0.3% month over month.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Intel Corp.65.76 USDMarket closedtoday -28.58%Negative Alphabet Inc.279.84 USDMarket closedtoday -1.40%Negative S&P 5007,580.07Market closedtoday -1.82%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets