Nasdaq Drops Another 1%; Intel's Pain is AMD's Gain
The stock market had another losing session on Friday, and the Nasdaq Composite (NASDAQINDEX: ^IXIC) and Nasdaq-100 both fell around 1% on the day. That was slightly worse than other large-cap stock benchmarks, but the underperformance wasn't as significant as it has been in past sessions.
It's easy to forget that individual stocks don't always move in lockstep with the overall market. On Friday, Intel (NASDAQ: INTC) announced news that shocked investors in the semiconductor giant's stock. However, gains in Intel archrival Advanced Micro Devices (NASDAQ: AMD) offset some of the decline for the broader indexes.
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Source Fool.com
