BTCC
/
BTCC Square
/
Global Cryptocurrency
/
S&P 500 Declines as CarMax and Oracle Retreat; Intel Rises on Apple Investment Talks
S&P 500 Declines as CarMax and Oracle Retreat; Intel Rises on Apple Investment Talks
11
3
BTCCSquare news:
Major U.S. equities indexes extended losses for a third consecutive session ahead of Friday's pivotal inflation data. The S&P 500 and Nasdaq each fell 0.5%, while the Dow slipped 0.4%.
CarMax shares cratered 20% after disappointing quarterly results, marking the worst performance in the S&P 500. CEO Bill Nash cited demand timing issues and inventory depreciation as key challenges.
Intel surged 8.9% on reports of potential investment talks with Apple, continuing its recent rally. The semiconductor maker's gains contrasted with Apple's 1.8% decline as the tech giant continues transitioning to proprietary chips.
Jabil shares dropped 6.7% despite beating earnings estimates, as market sentiment remained cautious across sectors.
By:
