NEW YORK: US stocks sagged on Friday, eroding strong gains made earlier this week as investors cashed out after a sharp morning rally sparked by upbeat forecasts from the world's largest microchip maker, Intel Corp.
The market roared higher at the open after Intel raised its revenue forecast for the current quarter, citing stronger demand from computer makers.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!