{"id":716568,"date":"2026-01-24T01:58:09","date_gmt":"2026-01-24T01:58:09","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/716568\/"},"modified":"2026-01-24T01:58:09","modified_gmt":"2026-01-24T01:58:09","slug":"dow-ends-lower-after-topsy-turvy-week-as-intels-outlook-weighs-on-market-sentiment","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/716568\/","title":{"rendered":"Dow ends lower after topsy-turvy week, as Intel&#8217;s outlook weighs on market sentiment"},"content":{"rendered":"<ul data-testid=\"Summary\" class=\"summary-module__summary__QjADA\">\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Indexes on Friday: Dow down 0.58%, S&amp;P 500 flat, Nasdaq up 0.28%<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">All down for the week: Dow 0.53%, S&amp;P 500 0.36%, Nasdaq 0.06%<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Intel slides as forecast misses estimates<\/li>\n<li data-testid=\"Body\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf summary-module__point__UgXPz\">Most megacaps gain with tech earnings due next week<\/li>\n<\/ul>\n<p>Jan 23 (Reuters) &#8211; The Dow Jones Industrial Average finished down \u200bon Friday, while the S&amp;P 500 ended largely unchanged, as investors&#8217; risk appetite was dimmed at the end of a topsy-turvy week \u200cby Intel&#8217;s plunge on a downbeat outlook.<\/p>\n<p>All three Wall Street benchmarks had rebounded in the past two sessions following Tuesday&#8217;s sharp selloff triggered by U.S. President Donald Trump&#8217;s threats to impose tariffs on European allies, an effort to pressure them to accept his claims to Greenland.<\/p>\n<p data-testid=\"promo-box\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__promo-box__hVl8h\"> Sign up  <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/us-stock-futures-dip-intel-plunges-geopolitical-concerns-linger-2026-01-23\/undefined?location=article-paragraph&amp;redirectUrl=%2Fbusiness%2Fus-stock-futures-dip-intel-plunges-geopolitical-concerns-linger-2026-01-23%2F\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">here.<\/a><\/p>\n<p>On Friday, the Dow Jones Industrial Average <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.DJI\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.DJI), opens new tab<\/a> fell 285.30 points, or 0.58%, to 49,098.71. The S&amp;P 500 <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.SPX\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.SPX), opens new tab<\/a> edged up 2.26 points, or 0.03%, to 6,915.61, and the Nasdaq Composite <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.IXIC\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.IXIC), opens new tab<\/a> gained 65.23 points, or 0.28%, to 23,501.24.<\/p>\n<p>Even the Nasdaq&#8217;s \u200cFriday gains were not enough to rescue the benchmarks from having a down week, with the S&amp;P 500 off by \u200b0.36%, the Dow lower by 0.53% and the Nasdaq slipping by 0.06%.<\/p>\n<p>Despite the week&#8217;s limited pullback, investors appeared to remain confident that while geopolitical-induced volatility is a present danger, the overall state of the American economy continues to be robust.<\/p>\n<p>&#8220;When we think about what it means from an investor&#8217;s standpoint, we feel \u200dpretty good about where we are today,&#8221; said Jason Blackwell, chief investment strategist at Focus Partners Wealth.<\/p>\n<p>He noted that volatility was expected this year, given the midterms later in 2026. However, corporate earnings are expected to continue to come in strong, and the economy is going along fine.<\/p>\n<p>&#8220;We&#8217;re feeling pretty good, but mindful we might have some significant twists and \u2060turns throughout the rest of the year,&#8221; Blackwell added.<\/p>\n<p>THE &#8216;SHOW-ME&#8217; SEASONOne twist on Friday, which weighed on market sentiment, was chipmaker <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/business\/intel-forecasts-first-quarter-sales-profit-below-estimates-2026-01-22\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">Intel<\/a> <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/INTC.O\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(INTC.O), opens new tab<\/a>. Its shares sank 17% after the \u200dcompany forecast quarterly revenue and profit below market estimates, saying it struggled to satisfy demand for its server chips used in AI data centers.<\/p>\n<p>With many technology and semiconductor companies \u200cstill trading \u200cat sky-high valuations, 2026 is viewed by many as the year where the huge excitement for the artificial intelligence trend, and the huge amounts of capital expenditure to attain it, need to start showing up as corporate revenue.<\/p>\n<p>Julian McManus, portfolio manager on the Global Alpha Equity team at Janus Henderson, noted how last week&#8217;s <a data-testid=\"Link\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/world\/china\/tsmc-likely-post-fourth-quarter-profit-leap-driven-by-ai-boom-2026-01-14\/\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC\" target=\"_blank\" rel=\"noopener\">earnings from TSMC<\/a><a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/2330.TW\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(2330.TW), opens new tab<\/a>, the world&#8217;s main producer of advanced AI chips, could portend well for the latest earnings from the space.<\/p>\n<p>\u201cGoing into results, we\u2019re going to be \u2060in a \u2018show-me\u2019 period, where you have \u2060to actually put up the revenue \u200bgrowth to justify the run-up in stocks,\u201d he said. \u201cIt\u2019s going to be a period of the haves versus the have-nots, and I personally don\u2019t see Intel being in the haves.\u201d<\/p>\n<p>MAG 7 EARNINGS TEST<\/p>\n<p>This show-me point will be particularly pertinent for investors next week, with earnings on deck from many of the so-called Magnificent Seven stocks, including Apple <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/AAPL.O\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(AAPL.O), opens new tab<\/a>, Tesla <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/TSLA.O\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(TSLA.O), opens new tab<\/a> \u200dand Microsoft <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/MSFT.O\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(MSFT.O), opens new tab<\/a>.On Friday, most of the megacaps rose, with Microsoft, Meta <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/META.O\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(META.O), opens new tab<\/a> and Amazon <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/AMZN.O\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(AMZN.O), opens new tab<\/a> up between 1.7% and 3.3%. Nvidia <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/NVDA.O\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(NVDA.O), opens new tab<\/a> gained 1.5% after Bloomberg News reported Chinese officials have told Alibaba <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/9988.HK\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(9988.HK), opens new tab<\/a>, Tencent <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/companies\/0700.HK\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(0700.HK), opens new tab<\/a> and ByteDance they can prepare orders for Nvidia&#8217;s H200 AI chips.Of the S&amp;P sub-sectors, seven ended in positive territory, led by the 0.9% increase in materials <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.SPLRCM\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.SPLRCM), opens new tab<\/a>.The energy <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.reuters.com\/markets\/quote\/.SPNY\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__inherit-color__PhuPF text-module__inherit-font__1P1hv text-module__inherit-size__EyiQW link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">(.SPNY), opens new tab<\/a> index rose 0.6% on Friday, \u200bto its third successive record closing high. It was also the top performing sub-index for the \u200dweek, while its 10.1% advance so far in 2026 is unmatched.<\/p>\n<p>The number of shares changing hands on U.S. exchanges on Friday was 17.34 billion shares, compared with the 17.07 billion average over \u200bthe last 20 trading days.<\/p>\n<p data-testid=\"SignOff\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__extra_small__8Buss body-module__full_width__kCIGb body-module__extra_small_body__Bfz20 sign-off-module__text__LQAMP\">Reporting by Sruthi Shankar and Pranav Kashyap in Bengaluru and David French in New York; Editing by Krishna Chandra Eluri and Aurora Ellis<\/p>\n<p data-testid=\"Body\" dir=\"ltr\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__regular__qJJtA text-module__small__sph8i body-module__base__o--Cl body-module__small_body__gOmDf article-body-module__element__5eCce article-body-module__trust-badge__5mS3f\">Our Standards: <a data-testid=\"Link\" target=\"_blank\" referrerpolicy=\"no-referrer-when-downgrade\" href=\"https:\/\/www.thomsonreuters.com\/en\/about-us\/trust-principles.html\" rel=\"noopener\" class=\"text-module__text__0GDob text-module__dark-grey__UFC18 text-module__medium__2Rl30 text-module__small__sph8i link-module__link__INqxZ link-module__underline_default__-okuC link-module__with-icon__qlg76\">The Thomson Reuters Trust Principles., opens new tab<\/a><\/p>\n<p><a href=\"https:\/\/www.reutersagency.com\/en\/licensereuterscontent\/?utm_medium=rcom-article-media&amp;utm_campaign=rcom-rcp-lead\" target=\"_blank\" dir=\"ltr\" class=\"button-module__link__A3sD0 button-module__secondary__70gBu button-module__round__QDFgq button-module__w_auto__Sem-F\" data-testid=\"LicenceContentButton\" rel=\"noopener\">Purchase Licensing Rights<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Indexes on Friday: Dow down 0.58%, S&amp;P 500 flat, Nasdaq up 0.28% All down for the week: Dow&hellip;\n","protected":false},"author":2,"featured_media":716569,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[203987,214215,203988,124884,168710,51,202988,33300,214214,84737,205684,201822,202126,201821,202989,84738,124880,107673,84740,202851,124887,84742,5166,124882,67726,168719,84728,202990,84743,326,202991,9966,84744,84729,16,15,978,124883],"class_list":{"0":"post-716568","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-n","9":"tag-n-c","10":"tag-n-p","11":"tag-amers","12":"tag-blr","13":"tag-business","14":"tag-cen","15":"tag-chip","16":"tag-chip1","17":"tag-cmpny","18":"tag-csent","19":"tag-destocabsm","20":"tag-destortao","21":"tag-destousbsm","22":"tag-eci","23":"tag-eco","24":"tag-gen","25":"tag-int","26":"tag-mce","27":"tag-mktrep","28":"tag-namer","29":"tag-news1","30":"tag-pmi","31":"tag-pol","32":"tag-potus","33":"tag-publ","34":"tag-rep","35":"tag-semi","36":"tag-stx","37":"tag-tech","38":"tag-teeq","39":"tag-tmt","40":"tag-topcmb","41":"tag-topnws","42":"tag-uk","43":"tag-united-kingdom","44":"tag-us","45":"tag-wash"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115947602080819844","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/716568","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=716568"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/716568\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/716569"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=716568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=716568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=716568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}