Stock Market News: Intel Jumps, Amazon Sinks as Earnings Onslaught Continues
Major benchmarks were on the rise Friday morning, and earnings were once again in the spotlight. Investors won't see a busier week of earnings reports before the end of 2019, and overall, sentiment in the financial markets has been relatively strong. As of 11:30 a.m. EDT, the Dow Jones Industrial Average (DJINDICES: ^DJI) was up 190 points to 26,995. The S&P 500 (SNPINDEX: ^GSPC) climbed 15 points to 3,025, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) was higher by 52 points to 8,238.
Among those companies making shareholders happy, Intel (NASDAQ: INTC) came out with positive results that sent its stock sharply higher. However, Amazon.com (NASDAQ: AMZN) wasn't quite as lucky, as investors weren't entirely comfortable with its latest results.
Shares of Intel jumped 8% after the semiconductor chipmaker announced its third-quarter financial results. Investors were generally pleased that the tech giant held up as well as it did, as they have expected to see much stronger headwinds than what actually materialized.
Source Fool.com
