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Oct. 23, 2020, 6:36 a.m. EDT

Intel's stock tumble after earnings would shave about 35 points off the Dow's price

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By Tomi Kilgore

Shares of Intel Corp. /zigman2/quotes/203649727/composite INTC +0.85% tumbled 9.7% in premarket trading Friday, to pace the handful of Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.13% losing ground, after the chip maker reported disappointing third-quarter results. The implied price decline would shave about 35 points off the Dow's price, while Dow futures /zigman2/quotes/210407078/delayed YM00 +0.21% rose 82 points, or 0.3%. The stock is on track for the biggest one-day decline since it plunged 16.2% on June 24, following Intel's second-quarter report. The stock has dropped 9.9% year to date through Thursday, while rival Advanced Micro Devices Inc. shares /zigman2/quotes/208144392/composite AMD +0.55% have soared 73.2%, the PHLX Semiconductor Index /zigman2/quotes/210598361/realtime SOX +1.20% rallied 28.2% and the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.24% gained 6.9%.

/zigman2/quotes/203649727/composite
US : U.S.: Nasdaq
$ 47.45
+0.40 +0.85%
Volume: 15.92M
Nov. 27, 2020 1:00p
P/E Ratio
9.31
Dividend Yield
2.78%
Market Cap
$192.81 billion
Rev. per Employee
$649,504
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
29,910.37
+37.90 +0.13%
Volume: 178.10M
Nov. 27, 2020 2:07p
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/zigman2/quotes/210407078/delayed
US : U.S.: CBOT
$ 29,891.00
+63.00 +0.21%
Volume: 98,368
Nov. 27, 2020 12:14p
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/zigman2/quotes/208144392/composite
US : U.S.: Nasdaq
$ 87.19
+0.48 +0.55%
Volume: 22.72M
Nov. 27, 2020 1:15p
P/E Ratio
120.36
Dividend Yield
N/A
Market Cap
$104.29 billion
Rev. per Employee
$590,439
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/zigman2/quotes/210598361/realtime
US : Nasdaq
2,631.56
+31.32 +1.20%
Volume: 82,066
Nov. 27, 2020 4:12p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,638.35
+8.70 +0.24%
Volume: 1.22B
Nov. 27, 2020 2:07p
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