Page 5 - Chipmaker Intel Corp News Today : Breaking News, Live Updates & Top Stories | Vimarsana

US stock indexes advanced after strong earnings updates from Exxon and Intel offset worries over Amazon's slowdown warning,...

U.S. stock indexes advanced on Friday after strong earnings updates from Exxon and Intel offset worries over Amazon's slowdown warning, while economic data reinforced expectations that the Federal Reserve would hike interest rates next week. Exxon Mobil Corp shares finished up 1.3% after hitting an all-time high as the oil company reported a record first-quarter profit on rising oil and gas output, also boosting the S&P energy index 1.5%.

(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window.) * Amazon falls ~4% after signaling slower AWS growth * Exxon adds

Intel, the leading chipmaker, reported a decline in sales due to a steep drop in demand for semiconductors that power personal computers.

Chipmaker Intel Corp on Thursday said slumping gross margins will improve in the second half of the year, a welcome sign in a difficult economy that sent shares up 4% in after-hours trading.