Nasdaq 100 Futures Jump as Intel Soars

2026-04-23 23:49 By Jam Kaimo Samonte 1 min. read

Nasdaq 100 futures advanced 0.5% on Friday, supported by a sharp rally in Intel shares, which surged more than 19% in extended trading after beating first-quarter earnings expectations and delivering a strong outlook for the current quarter.

Sentiment was further lifted after Tesla CEO Elon Musk indicated his company could spend roughly $3 billion with Intel, leveraging its chip fabrication capabilities.

Investors are now turning to additional earnings releases due later Friday, including results from Procter & Gamble, HCA, Schlumberger, Norfolk Southern, and Charter Communications, among others.

In regular trading on Thursday, major US indexes closed lower, with the Dow down 0.36%, the S&P 500 falling 0.41%, and the Nasdaq Composite declining 0.89%, led by losses in technology and financial stocks.

Investors continued to navigate shifting dynamics in the Middle East as peace negotiations between the US and Iran have stalled.



News Stream
Nasdaq 100 Futures Jump as Intel Soars
Nasdaq 100 futures advanced 0.5% on Friday, supported by a sharp rally in Intel shares, which surged more than 19% in extended trading after beating first-quarter earnings expectations and delivering a strong outlook for the current quarter. Sentiment was further lifted after Tesla CEO Elon Musk indicated his company could spend roughly $3 billion with Intel, leveraging its chip fabrication capabilities. Investors are now turning to additional earnings releases due later Friday, including results from Procter & Gamble, HCA, Schlumberger, Norfolk Southern, and Charter Communications, among others. In regular trading on Thursday, major US indexes closed lower, with the Dow down 0.36%, the S&P 500 falling 0.41%, and the Nasdaq Composite declining 0.89%, led by losses in technology and financial stocks. Investors continued to navigate shifting dynamics in the Middle East as peace negotiations between the US and Iran have stalled.
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The Dow Jones Index Closes 0.40% Lower
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US Stocks Retreat on Thursday
US equities closed lower on Thursday, halting the recent rally, amid the latest developments in the Middle East and as investors parsed mixed corporate earnings. The Nasdaq 100 fell 0.9%, while the S&P 500 and the Dow each decreased 0.3%. WTI crude futures surged past $106 per barrel, amid ongoing blockades in the Strait of Hormuz and following media reports that air defense systems were activated in parts of Tehran. Tech stocks were the main drag after yesterday's outperformance amid mixed results on speculative AI companies. Tesla fell 3.5% amid skepticism on its announcement of higher AI and robotics spending. Shares of IBM and ServiceNow tumbled 8% and 17%, respectively, following disappointing quarterly results. Other software stocks followed suit, with Microsoft sliding 4%, Palantir Technologies down 7%, and Oracle falling 6%. On the flip side, Texas Instruments surged 19.4% after forecasting second-quarter revenue and profit above estimates.
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