Market Movements Amid Earnings and Trade News

As the premarket session unfolded on Friday, major US stock indices showed little movement, with investors carefully analyzing the latest earnings reports and trade-related developments.

Intel's Earnings Shock

Intel's shares took a significant hit, dropping 5% in premarket trading following the release of its second-quarter earnings report. The tech giant reported a staggering net loss of $2.9 billion, marking an 81% decrease from the $1.6 billion profit recorded in the same quarter of the previous year.

Indices at a Glance

By 4:28 am ET, the Dow Jones Industrial Average and the S&P 500 were virtually unchanged, while the Nasdaq 100 experienced a slight decline of 0.13%. Meanwhile, the euro remained stable against the dollar, trading at 1.17476.