Dow Futures Rebound 222 Points as Intel Jumps 4% and Brent Oil Falls to $97

3 articles · Updated · CNBC · Jul 23

Dow futures rose 222 points, or 0.4%, on Friday, while S&P 500 and Nasdaq-100 futures edged up after Thursday’s broad selloff.
Intel shares climbed 4% premarket after second-quarter results beat expectations, with revenue up 25%—the chipmaker’s strongest growth for any quarter since 2011.
Brent crude dropped 3% to about $97 a barrel and WTI fell 2% above $89, easing some pressure after oil briefly topped $100 this week.
Thursday’s slide was driven by that oil spike and weak megacap earnings: Tesla sank nearly 15% on a miss, while Alphabet fell 7% after raising full-year capital spending guidance.
Markets remain on edge over the Middle East, with Trump weighing a 'massive attack' on Iran after 13 straight nights of U.S. strikes and major indexes still headed for weekly losses.

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