US stock market indices edged lower on Friday, as Intel Corp slumped on a weak outlook and lingering geopolitical concerns weighed.
At 09:48 a.m. ET, the Dow Jones Industrial Average fell 320.71 points, or 0.65%, to 49,063.30, the S&P 500 lost 14.68 points, or 0.21%, to 6,898.78 and the Nasdaq Composite lost 36.50 points, or 0.16%, to 23,399.52.
At 09:30 a.m. ET, the Dow Jones Industrial Average fell 133.13 points, or 0.32%, to 49,226.80, the S&P 500 fell 3.62 points, or 0.03%, to 6,911.27 and the Nasdaq Composite rose 1.30 points, or 0.01%, to 23,438.32.
In the bond market, the yield on the 10-year Treasury fell to 4.25% from 4.26% late on Thursday.
Key Stock Movers
Intel shares slumped 14.7% after the chipmaker reported a loss and released a revenue forecast that missed analyst expectations.
Nvidia stock surged 1.4% after Bloomberg News reported that Chinese officials have told Alibaba, Tencent and ByteDance that they can prepare orders for the US chipmaker’s H200 AI chips.
Capital One Financial stock sank 3.8% after the firm reported a weaker quarterly profit.
Shares of miners Hecla Mining and Coeur Mining rose 0.6% and 0.3%, respectively, following silver prices rising to record high near the $100 per ounce mark.
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