Intel’s stock tumble after earnings would shave about 35 points off the Dow’s price

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Shares of Intel Corp. tumbled 9.7% in premarket trading Friday, to pace the handful of Dow Jones Industrial Average losing ground, after the chip maker reported disappointing third-quarter results. The implied price decline would shave about 35 points off the Dow’s price, while Dow futures rose 82 points, or 0.3%. The stock is on track for the biggest one-day decline since it plunged 16.2% on June 24, following Intel’s second-quarter report. The stock has dropped 9.9% year to date through Thursday, while rival Advanced Micro Devices Inc. shares have soared 73.2%, the PHLX Semiconductor Index rallied 28.2% and the S&P 500 gained 6.9%.
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