Intel stock plunges 17% on weak outlook, setting up a tense week for Wall Street
Intel shares plunged 17% Friday to close near $45.07 after the company warned of supply issues and issued a weak first-quarter forecast. The S&P 500 ended mostly flat, while the Dow fell 0.58% and the Nasdaq rose 0.28%; all three indexes finished the week lower. Investors are watching for the Federal Reserve’s January 28 decision and a wave of tech earnings next week.