Dow Jones Dragged Down by Intel Earnings Disaster, Mixed Results from American Express
The Dow Jones Industrial Average (DJINDICES: ^DJI) was down around 0.3% at 1:40 p.m. EDT Friday as uncertainty over potential stimulus legislation weighed on the stock market. Intel (NASDAQ: INTC) was the Dow's worst performer by far following an earnings report that featured a steep drop-off in demand from enterprise and government customers.
Shares of American Express (NYSE: AXP) were also having a bad day after the credit card company's mixed results failed to impress investors. While spending trends are improving, Amex's total revenue was still down around 20%.
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Source Fool.com
