Bitget App
Trade smarter
MarketsTradeFuturesStocksEarnInstitutionAI & More
Intel Corp. Stock Falls 5.8%, Underperforms Peers

Intel Corp. Stock Falls 5.8%, Underperforms Peers

Dow JonesDow Jones2026/10/16 20:34

This article was automatically generated by Dow Jones using technology from Automated Insights.

Shares of Intel Corp. shed 5.8% to $89.85 on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.1% to 7,659.44 and Dow Jones Industrial Average falling 0.3% to 52,002.41.

This was the stock's third consecutive day of losses.

Intel Corp. closed 36.9% below its 52-week high of $142.35, which the company reached on June 30th.

The stock underperformed when compared to some of its peers, as NVIDIA Corp. fell 1.4% to $214.13, Broadcom Inc. fell 4.5% to $328.75, and Qualcomm Inc. fell 3.53% to $172.11.

Trading volume totaled 121.1 million, compared to the 50-day average of 102.7 million.

Data source: Dow Jones Market Data, FactSet

(END) Dow Jones Newswires

October 16, 2026 16:34 ET (20:34 GMT)

0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

You may also like

New York Federal Reserve Survey: Service Sector Price Increases Hit Fastest Pace Since 2022, Business Activity Index Drops to Lowest Since March

A survey released by the New York Fed on Friday shows that in October, sales prices for service sector firms increased at the fastest pace since 2022, with input costs remaining robust and supply conditions continuing to deteriorate. Businesses’ pessimism about the commercial outlook has significantly intensified, with the overall business activity index falling by 12 points from the previous month to minus 20.7, marking the weakest reading since March.

华尔街见闻•2026/10/16 22:46
New York Federal Reserve Survey: Service Sector Price Increases Hit Fastest Pace Since 2022, Business Activity Index Drops to Lowest Since March