Intel stock slides into long weekend as traders brace for Jan. 22 earnings
Intel shares fell 2.8% to $46.96 Friday after a volatile session, ahead of its fourth-quarter earnings release set for Jan. 22. The stock, up 31% year-to-date, faces pressure as investors watch for updates on margins and foundry expansion. Chip stocks outperformed broader indexes, which ended little changed. U.S. markets will be closed Monday for Martin Luther King Jr. Day.