--- title: "Dow ends lower after topsy-turvy week, as Intel's outlook weighs on market sentiment" type: "News" locale: "en" url: "https://longbridge.com/en/news/273572337.md" description: "The Dow Jones Industrial Average fell 285.30 points (0.58%) to 49,098.71, while the S&P 500 and Nasdaq Composite ended largely unchanged after a volatile week. Intel's disappointing outlook weighed on market sentiment, causing its shares to drop 17%. Despite geopolitical concerns, investors remain optimistic about the U.S. economy and corporate earnings. Upcoming earnings from major tech companies, including Apple and Microsoft, are anticipated to be crucial for market direction. The energy sector performed well, marking a record closing high." datetime: "2026-01-24T03:13:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/273572337.md) - [en](https://longbridge.com/en/news/273572337.md) - [zh-HK](https://longbridge.com/zh-HK/news/273572337.md) --- # Dow ends lower after topsy-turvy week, as Intel's outlook weighs on market sentiment The Dow Jones Industrial Average finished down ​on Friday, while the S&P 500 ended largely unchanged, as investors' risk appetite was dimmed at the end of a topsy-turvy week ‌by Intel's plunge on a downbeat outlook. All three Wall Street benchmarks had rebounded in the past two sessions following Tuesday's sharp selloff triggered by U.S. President Donald Trump's threats to impose tariffs on European allies, an effort to pressure them to accept his claims to Greenland. On Friday, the Dow Jones Industrial Average fell 285.30 points, or 0.58%, to 49,098.71. The S&P 500 edged up 2.26 points, or 0.03%, to 6,915.61, and the Nasdaq Composite gained 65.23 points, or 0.28%, to 23,501.24. Even the Nasdaq's ‌Friday gains were not enough to rescue the benchmarks from having a down week, with the S&P 500 off by ​0.36%, the Dow lower by 0.53% and the Nasdaq slipping by 0.06%. Despite the week'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. "When we think about what it means from an investor's standpoint, we feel ‍pretty good about where we are today," said Jason Blackwell, chief investment strategist at Focus Partners Wealth. 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. "We're feeling pretty good, but mindful we might have some significant twists and ⁠turns throughout the rest of the year," Blackwell added. THE 'SHOW-ME' SEASON One twist on Friday, which weighed on market sentiment, was chipmaker Intel (INTC.O), opens new tab. Its shares sank 17% after the ‍company forecast quarterly revenue and profit below market estimates, saying it struggled to satisfy demand for its server chips used in AI data centers. With many technology and semiconductor companies ‌still trading ‌at 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. Julian McManus, portfolio manager on the Global Alpha Equity team at Janus Henderson, noted how last week's earnings from TSMC(2330.TW), opens new tab, the world's main producer of advanced AI chips, could portend well for the latest earnings from the space. “Going into results, we’re going to be ⁠in a ‘show-me’ period, where you have ⁠to actually put up the revenue ​growth to justify the run-up in stocks,” he said. “It’s going to be a period of the haves versus the have-nots, and I personally don’t see Intel being in the haves.” MAG 7 EARNINGS TEST 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, Tesla ‍and Microsoft. On Friday, most of the megacaps rose, with Microsoft, Meta and Amazon up between 1.7% and 3.3%. Nvidia gained 1.5% after Bloomberg News reported Chinese officials have told Alibaba, Tencent tab and ByteDance they can prepare orders for Nvidia's H200 AI chips. Of the S&P sub-sectors, seven ended in positive territory, led by the 0.9% increase in materials. The energy index rose 0.6% on Friday, ​to its third successive record closing high. It was also the top performing sub-index for the ‍week, while its 10.1% advance so far in 2026 is unmatched. 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 ​the last 20 trading days. ### Related Stocks - [159659.CN](https://longbridge.com/en/quote/159659.CN.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [513110.CN](https://longbridge.com/en/quote/513110.CN.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [SOXL.US](https://longbridge.com/en/quote/SOXL.US.md) - [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md) - [159516.CN](https://longbridge.com/en/quote/159516.CN.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.NDXTMC.US](https://longbridge.com/en/quote/.NDXTMC.US.md) - [INTC.US](https://longbridge.com/en/quote/INTC.US.md) - [513390.CN](https://longbridge.com/en/quote/513390.CN.md) - [AAPX.US](https://longbridge.com/en/quote/AAPX.US.md) - [DJD.US](https://longbridge.com/en/quote/DJD.US.md) - [588170.CN](https://longbridge.com/en/quote/588170.CN.md) - [SMH.US](https://longbridge.com/en/quote/SMH.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [AAPB.US](https://longbridge.com/en/quote/AAPB.US.md) - [XSD.US](https://longbridge.com/en/quote/XSD.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [PSI.US](https://longbridge.com/en/quote/PSI.US.md) - [512480.CN](https://longbridge.com/en/quote/512480.CN.md) - [159995.CN](https://longbridge.com/en/quote/159995.CN.md) - [000668.CN](https://longbridge.com/en/quote/000668.CN.md) - [588780.CN](https://longbridge.com/en/quote/588780.CN.md) - [159325.CN](https://longbridge.com/en/quote/159325.CN.md) - [512760.CN](https://longbridge.com/en/quote/512760.CN.md) - [159513.CN](https://longbridge.com/en/quote/159513.CN.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) ## Related News & Research - [Verification by Default: SCRT Labs Integrates Intel® Trust Authority Into Every SecretVM](https://longbridge.com/en/news/286798490.md) - [Market Chatter: Intel Urges PC Makers to Adopt Advanced CPUs Amid Supply Crunch](https://longbridge.com/en/news/286955059.md) - [Lumentum Stock Analysis: Buy or Sell?](https://longbridge.com/en/news/287135328.md) - [Inside The AI Chip Crunch: Intel Pressures PC Makers To Upgrade Fast](https://longbridge.com/en/news/287068550.md) - [Key facts: Citi Sees Intel 47% AI CPU Share; PT $140; Tenstorrent Talks](https://longbridge.com/en/news/287021741.md)