All three major U.S. stock indices opened lower on Thursday, with the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all trading in negative territory. Earnings season has painted a mixed picture for corporate performance: Intel shares plunged more than 25%, while SanDisk, Amazon, and Illumina also declined. AstraZeneca, by contrast, gained over 5%. Intel's CFO said the company expects PC shipments to fall roughly 12% in 2026, including a drop of more than 20% in the second half of the year — a forecast that dragged down PC-related tech stocks such as HP and Dell. Despite the bleak outlook, Intel remains bullish on the long-term recovery of the PC market.
