S&P 500 Gains and Losses Today: Intel Dives After Announcing Layoffs To Cut Costs
INTCIntel(INTC) Investopedia·2024-08-03 05:41

Key TakeawaysThe S&P 500 plunged 1.8% on Friday, Aug. 2, 2024, as an unexpected uptick in the unemployment rate added to concerns about a possible economic slowdown.Intel shares plunged after the chipmaker reported a wider-than-expected quarterly loss and announced layoffs to cut costs.Clorox shares moved higher after the company topped profit forecasts, with a streamlined operating model helping drive gross margin expansion. Major U.S. equities indexes tumbled Friday following the release of the latest U.S ...