Weak Intel forecast drags S&P 500, ends streak of record highs


The S&P 500 declined 0.07% to end the session at 4,890.97 points. The Nasdaq declined 0.36% to 15,455.36 points, while thr Dow rose 0.16% to 38,109.43 points.

NEW YORK: The S&P 500 ended a five-session streak of record highs on Friday, with Intel slumping after a bleak revenue forecast, while US economic data showed inflation moderating.

Even as the S&P 500 and Nasdaq ended the session lower, all three major indexes recorded their third straight weekly gain and their 12th weekly advance out of 13.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business

Light at the end of the tunnel
Understanding the warrant of distress
Are convention halls still good investments?
Ringgit likely to trade cautiously between RM4.09 and RM4.11 vs US dollar next week
Oil posts weekly loss on oversupply concerns
Wall St Week Ahead: Spotlight on delayed economic data
Wall St ends lower on fears over AI bubble, inflation
NEXT-GEN INDUSTRY REDEFINED
Work-life balance on trial
Navigating uneven markets

Others Also Read