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Intel sales forecast implies rocky second half of 2021 amid supply constraints

4 Min Read
(Reuters) -Chipmaker Intel Corp said on Thursday it still faces supply chain constraints and gave an annual sales forecast that implied a weak end of the year.
Intel CEO Patrick Gelsinger attends a meeting with French President Emmanuel Macron (not seen) during an international business leaders meeting for the 4th edition of the Choose France summit in Versailles, France June 28, 2021. Picture taken June 28, 2021. Stephane de Sakutin/Pool via REUTERS
The 2021 forecast of $73.5 billion in adjusted sales was higher than Wall Street expectations, appeared driven by a strong second quarter ended June 26 and a modestly better-than-expected third-quarter, implying a weak fourth quarter. The results sent shares down 2.8% in after-hours trading after the results. ....

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Wall Street ekes out gains, led by tech, growth stocks

Wall Street ekes out gains, led by tech, growth stocks
Updated: 2021-07-23 05:43
[Photo/Agencies]
NEW YORK - Big tech helped Wall Street inch up to a higher close on Thursday, modestly building on a two-day rally as lackluster economic data and mixed corporate earnings prompted a pivot back to growth stocks.
A pull-back in economically sensitive cyclicals kept the S&P 500 s and the blue-chip Dow s gains muted, while small-caps underperformed their larger rivals.
But megacap tech and tech-adjacent stocks, such as Microsoft Corp, Amazon.com, Apple Inc, Facebook Inc and Alphabet Inc, rose ahead of their quarterly results next week, putting the Nasdaq out front. ....

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Wall Street surges to all-time closing high on earnings, economic revival

Wall Street surges to all-time closing high on earnings, economic revival
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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Wall Street extends rally, S&P, Nasdaq on course for record closing highs

Wall Street extends rally, S&P, Nasdaq on course for record closing highs
netscape.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from netscape.com Daily Mail and Mail on Sunday newspapers.

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Wall Street extends rally, S&P, Nasdaq on course for record closing highs

Wall Street extends rally, S&P, Nasdaq on course for record closing highs
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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