technology
U.S. Stock Indices Close Lower While Intel Shares Jump on Q1 Earnings Beat
Major U.S. indices ended lower on April 23, 2026, with the Nasdaq dropping the most at 0.89%. Intel Corporation reported first-quarter earnings that surpassed expectations, driving its stock up nearly 20% in after-hours trading. Other stocks like Skillz Inc. surged on a jury verdict, while Lucid Group hit a new low despite financing news.
Apr 23, 9:37 PM·2m read1 source
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U.S. indices closed lower on April 23, 2026. Benzinga reported.
Major U.S. indices closed Thursday lower, with the Dow Jones Industrial Average falling 0.36% to 49,310.32, the S&P 500 slipping 0.41% to 7,108.40 and the Nasdaq dropping 0.89% to 24,438.50.
Intel’s stock climbed 2.31% to close at $66.78, with an intraday high of $68.28 and a low of $65.42. The stock remains below its 52-week high of $70.33 but significantly above its low of $18.97. In the after-hours trading, the stock shot up nearly 20% to $80.10.
The company reported earnings of 29 cents per share for the first quarter of 2026, surpassing expectations. Revenue reached $13.58 billion, exceeding estimates by 9.28%. The CEO highlighted the growing demand for the company’s CPUs and advanced packaging offerings.
The company guided for second-quarter 2026 adjusted EPS of 20 cents on revenue of $13.8 billion to $14.8 billion, beating estimates of 9 cents and $13.07 billion.
AMD shares rose 0.62%, closing at $305.33. The stock hit an intraday high of $310.22 and a low of $299.76, marking a new 52-week high. In the after-hours session, the stock rose 7.65% to $328.70. Benzinga reported that AMD benefited from Intel’s strong performance, as the semiconductor sector saw increased investor interest.
Palantir’s stock fell 7.24% to $141.57, with a high of $150.29 and a low of $139.92. The stock remains within its 52-week range of $97.83 to $207.52. Despite securing a $300 million contract, Palantir faced downward pressure due to its moving average structure, which indicates short-term challenges, according to Benzinga.
