ET 13:55

Stock Market Today: Dow Slides, Nasdaq Rises as Intel Plunges After Earnings Disappointment

US stocks ended mixed on Friday, with the Dow Jones Industrial Average (^DJI) declining 0.7% and the Nasdaq Composite (^IXIC) rising 0.3%, following a volatile week marked by geopolitical tensions and corporate earnings reports. Intel (INTC) shares tumbled over 16% after the chipmaker issued disappointing first-quarter guidance, citing struggles to meet demand for AI-focused server chips. The S&P 500 (^GSPC) remained flat, poised for consecutive weekly losses as initial market gains faded. Investor sentiment improved slightly amid President Trump's reduced rhetoric on Greenland and proposed tariffs on NATO allies, though broader US-EU tensions weighed on the dollar (DX-Y.NYB). Gold (GC=F) and silver (SI=F) prices rose, with silver topping $100 for the first time since 2020. Meanwhile, progress emerged on the China-US tech front, as TikTok and ByteDance finalized a deal with Oracle (ORCL) to continue operations in the US. Beijing reportedly signaled approval for Chinese tech firms to prepare for importing Nvidia (NVDA) H200 chips, which are currently restricted. Investors now await a busy earnings week and the Federal Reserve's upcoming interest rate decision, as Trump indicated he is nearing a choice for the next Fed chair to replace Jerome Powell.

EditorWong Mei Ling