Wall Street’s big three-day rally is running out of steam, and U.S. stocks are drifting in mixed trading Friday as they near the end of another roller-coaster week.

The S&P 500 was 0.1% lower in midday trading, as nearly three out of every four stocks fell within the index. The Dow Jones Industrial Average was down 237 points, or 0.6%, as of 11:30 a.m. Eastern time, while the Nasdaq composite was 0.3% higher thanks to gains for a handful of influential Big Tech stocks.

Intel weighed on the market after the chip company said it’s seeing “elevated uncertainty across the industry” and gave a forecast for upcoming revenue and profit that fell short of analysts’ expectations. Its stock fell 6.8% even though its results for the beginning of the year topped expectations.

Eastman Chemical fell 5.9% after it gave a forecast for profit this spring that fell short of analysts’ expectations. CEO Mark Costa said that the “macroeconomic uncertainty that defined the last several years has only increased” and that future demand for its products “is unclear given the magnitude and scope of tariffs.”

Skechers........

© Fast Company