Wall Street shares opened slightly lower again, following a mixed set of earnings results from US firms, while latest data showed the US economy grew by 3.2% in the first quarter of 2019 due to temporary factors.
The Dow Jones Industrial Average is 50.7 points or 0.2% lower to 26,411.41. Top of the losers is Intel, which dropped 8.7% to $52.63 after slashing its profit and revenue forecasts on Thursday due to weaker demand for cloud computing amid the US-China trade war.
The S&P 500 is 5.8 points or 0.2% down to 2,919.94. Intel heads the losers, followed by Intuit, which dropped 9.1% to $239.75. On Thursday, Intuit said a strong US tax season meant it was likely to see full-year revenues grow by 10% - the top end of its previous guidance.
And finally, the tech-heavy Nasdaq is 46.4 points or 0.6% lower to 8,070.29. Top of the losers is Intuit, followed by Intel, with Nvidia in third, sliding 5.7% to $176.23.
Yesterday, reports suggested that Nvidia is working on a 2-in-1 hybrid laptop-tablet device that could also be used for gaming.