Nasdaq edges down, Intel resumes trading

By @ibtimes on

The Nasdaq edged lower on Monday but was trading at about the same level when Intel Corp resumed trading after cutting its outlook.

The chipmaker dropped 1.6 percent to $21.11 after it cut its first-quarter revenue outlook on costs associated with correcting a design flaw it discovered in one of its chips.

The Dow Jones industrial average was up 19.57 points, or 0.17 percent, at 11,843.27. The Standard & Poor's 500 Index was up 4.18 points, or 0.33 percent, at 1,280.52. The Nasdaq Composite Index was down 1.98 points, or 0.07 percent, at 2,684.91.

(Reporting by Ryan Vlastelica; Editing by Kenneth Barry)

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