Intel Shares Jump After Upbeat Outlook as Oil Trades Above $100
Intel shares surged in after-hours trading after the company issued an upbeat revenue outlook, lifting semiconductor sector sentiment. Futures on Dow, S&P 500 and Nasdaq 100 traded flat as oil held above $100 per barrel due to ongoing Strait of Hormuz disruptions.
1. Market Uncertainty and Oil Disruptions
Futures tied to the Dow, S&P 500 and Nasdaq 100 hovered near flat levels ahead of the final trading session, while oil prices held above $100 per barrel due to persistent shipping disruptions in the Strait of Hormuz. Geopolitical tensions have kept crude elevated, maintaining pressure on energy markets and weighing on broader investor sentiment.
2. Intel's After-Hours Rally and Outlook
Intel shares jumped in after-hours trading following an upbeat revenue outlook issued by management, driven by expectations of strong demand for data-center and AI chips. The positive guidance helped boost sentiment across the semiconductor sector, counterbalancing broader market uncertainty.