Jan. 23 at 8:26 PM
U.S. stocks were mixed on Friday as the rally triggered by President Trump’s decision to roll back tariffs on eight NATO countries lost momentum, even though U.S. consumer sentiment improved in January. Intel led decliners after offering a disappointing revenue outlook for the current quarter, overshadowing better-than-expected fourth-quarter earnings. In contrast, AMD continued to benefit from strong investor optimism, extending a powerful rally and approaching one of its longest winning streaks in years.
Capital One shares fell sharply after the company agreed to acquire fintech firm Brex for
$5.15 billion and reported adjusted earnings that missed expectations. Fortinet rallied after TD Cowen upgraded the stock, arguing that recent concerns were excessive. Booz Allen Hamilton jumped after delivering a significant earnings beat, easing some investor worries about reduced government spending.
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