Wall Street
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Moneycontrol24-01-2026, 08:44

Intel's Bleak Outlook Drags Dow Lower After Volatile Week

  • The Dow Jones Industrial Average closed lower on Friday, capping a volatile week for Wall Street.
  • Intel's shares plunged 17% after forecasting quarterly revenue and profit below market estimates, citing struggles with AI data center chip demand.
  • All three major U.S. benchmarks had rebounded earlier in the week after a sharp selloff triggered by President Trump's tariff threats.
  • Despite the week's limited pullback, investors remain confident in the robust American economy, though mindful of expected volatility.
  • The upcoming week will test 'Magnificent Seven' stocks like Apple, Tesla, and Microsoft, as investors demand revenue growth to justify high valuations.

Why It Matters: Intel's poor forecast and the demand for tangible AI revenue growth weighed on markets after a turbulent week.

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