Dow Jones News: Intel Under Pressure in the Data Center; American Express Leads Dow Lower

The Dow Jones Industrial Average (DJINDICES: ^DJI) was down again Friday morning, although the index recovered a bit in the first hour of trading. By 10:40 a.m. EST, the Dow was 1.7% lower. Globally, the novel coronavirus outbreak has now surpassed 100,000 cases. In the U.S., the virus continues to spread to new states.

Almost every Dow component was down Friday morning. Shares of Intel (NASDAQ: INTC) slumped after rival Advanced Micro Devices (NASDAQ: AMD) laid out an aggressive growth plan for the data center. American Express (NYSE: AXP) stock was also down as virus fears escalated.

Semiconductor giant Intel holds a dominant share of the CPU market. In terms of units, Intel controlled roughly 95% of the server CPU market, 83% of the desktop CPU market, and 84% of the laptop CPU market in the fourth quarter of last year. That data comes from Mercury Research.

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Source Fool.com