Wall Street slides as Intel dives, earnings and pandemic weigh

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Wall Street retreated on Friday as weak earnings sparked a pre-weekend selloff that was also fed by surging coronavirus cases and geopolitical uncertainties.

FILE PHOTO: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease on the floor at the New York Stock Exchange in New York, U.S., May 26, 2020. REUTERS/Brendan McDermid

“Investors have made so much money in these tech stocks in the last few weeks, the moment they see any sign of weakness they’re taking profits,” said Oliver Pursche, president of Bronson Meadows Capital Management in Fairfield Connecticut.

 

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Yeah well, the Physics involved in the manufacturing and Chip Performance requirements are very hard to meet when we're talking about 7nm die. The market will do what the market will do, but as we try to pierce the 7nm limit we run into the limits of the nature of e- / p+ flow.

But at least they are wearing a mask (whilst they watch the economy tank).

The Trump virus takes a bellyflop all over Wall Street.

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