Intel Guidance Allays Concerns Over Chip Correction

By | October 15, 2014

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Chip leader Intel’s (INTC) Q3 earnings beat late Tuesday and an upbeat outlook for the current quarter helped allay fears of a broad industry slowdown. But Intel stock fell Wednesday on a rough day for the stock market, as weaker-than-forecast economic data added to concerns about slowing economic growth. Intel stock was down 4.5% in midday trading in the stock market today, near 30.50. Morgan Stanley analyst Joseph Moore downgraded Intel stock to Scalper1 News

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