Dow Jones News: Intel Stumbles on Weak Guidance; American Express Takes a Massive Charge
The stock market was little changed Friday morning, with the Dow Jones Industrial Average (DJINDICES: ^DJI) up 0.13% at 10:50 a.m. EDT. The U.S. House of Representatives passed a second round of pandemic aid late Thursday, but that was widely expected.
While some U.S. states may begin easing social distancing in the coming weeks, the coronavirus continues to spread. The U.S. now has more than 869,000 cases and over 50,000 deaths, according to Johns Hopkins University.
While the broader market struggled to find direction, shares of Intel (NASDAQ: INTC) and American Express (NYSE: AXP) headed lower. Intel reported blockbuster results but provided weak guidance, while American Express took a massive charge to account for expected credit losses.
Source Fool.com
