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Trend Analysis for INTC

 

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Intel Hits Markets with Lack of Guidance

 

Foreign Markets

Even though Intel, the world’s largest chipmaker, beat the street for the quarter, their omission of forward guidance rippled through the global marketplace. Overnight in Asia, Japan’s benchmark Nikkei 225 stock average lost 99.72 points, or 1.1 %, to 8,742.96 and South Korea’s Kospi fell 9.54, or 0.7 %, to 1,333.09.

In Europe, the FTSE 100 index of leading British shares was down 3.04 points, or 0.1 %, at 3,985.95, while Germany’s DAX fell 18.04, or 0.4 %, at 4,538.97. The CAC-40 in France was also down 11.08 points, or 0.4 %, at 2,989.14.

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