Intel Shares Drop 12.3% After Q4 Earnings
The sigh of relief following de-escalation in the standoff between the White House and Europe over Greenland continued to feed risk-on flows on Thursday as U.S. indices continued to close Tuesday's abrupt plunge. Growthier sector - Communication Services, Consumer Discretionary, and Tech - led the S&P 500 at the expense of the more defensively geared Utilities and Real Estate. The opening hour of the evening session suggests that Friday may see less exuberant action - with S&P e-mini's flat and Nasdaq 100 down a decimal. Cautious sentiment could emanate from the Tech space as shares of Intelfell over 12% after Q4 results as outlook for Q1 was not as rosy as expected, even though the stock has already had a very impressive 47% year-to-date run.Commodities are seeing familiar action - Gold and Silver are making new highs above $4,950 and $96 per ounce respectively, while WTI Crude Oil remains stuck below $60 per barrel. Bank of Japan interest rate decision could be an area of focus overnight as well, with extreme volatility in the JGB market of late potentially spilling over to global fixed income flows.Check out this evening's top movers from around Wall Street, compiled by The Fly.HIGHER AFTER EARNINGS -SLMup 6.6%CSXup 3.1%Intuitive Surgicalup 2.7%ALSO HIGHER -Life360up 26.4% after FY25 pre-announcementSpotifyup 1.8% after being upgraded to Buy at Goldman SachsDOWN AFTER EARNINGS -Inteldown 12.3%Capital Onedown 3.2%East West Bancorpdown 2.0%Alaska Airdown 0.7%Alcoadown 0.6%
