Tech is getting hit and Intel is leading the bleed — ugly Sunday setup.
Tech is getting hit and Intel is leading the bleed — ugly Sunday setup. Intel down 7.89%, sitting at 92.32. That's the wound everyone's watching this morning. Salesforce up 4.29% to 163.66 — bucking the tape hard. Oracle down 4.21% at 114.99, pain spreading across legacy enterprise. Apple up 3.53%…
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Tech is getting hit and Intel is leading the bleed — ugly Sunday setup.
Intel down 7.89%, sitting at 92.32. That's the wound everyone's watching this morning. Salesforce up 4.29% to 163.66 — bucking the tape hard. Oracle down 4.21% at 114.99, pain spreading across legacy enterprise. Apple up 3.53% to 333.02, holding the line for big-cap bulls. AMD down 3.29% at 521.95 — chips bleeding across the board. Broadcom off 2.69% to 381.92, same sector, same story. Tesla down 2.08% at 313.03. Meta down 1.80% to 595.19, rounding out a red session for mega-cap names.
Netflix up 1.74% to 70.09 — green in a sea of red, and Bank of America up 1.26% to 62.05, financials quietly holding. Walmart and Costco both ticking higher, less than a percent each, but defensive money is moving somewhere.
Semis are getting punished. Intel sets the tone, AMD and Broadcom confirm it. Salesforce and Apple are the only green lights in an otherwise dark tech tape.
Futures: SPY flat at plus 0.10%, but QQQ down 1.12% — that spread says everything about where the damage lives. VIX at 18.58, not panic but not comfortable. Gold up 0.60%, quiet rotation into safety. DIA up 0.48%, IWM down 0.32%, QQQ leading lower. Dow is holding, everything tech-adjacent is not.
Asian markets unavailable overnight. Trading blind on that front going in.
Nothing on the economic calendar today. The macro story this session is entirely earnings-driven and tape-driven.
After the close watch: AGYS, AMKR, and APLD all reporting. APLD consensus is minus 0.22 — loss expected, execution is the question. AHT printing an estimate of minus 7.85, deep in the red on paper. AMED comes in with a 1.55 EPS estimate, the cleanest number in tonight's lineup. AMNF at 0.15 — small cap, quiet print, low stakes.
The real pressure point today is Intel. A nearly 8% move on a Sunday pre-market doesn't happen without a hard catalyst. Traders will be positioning around that open fast.
Numbers don't lie. People do. Trade accordingly.