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Intel's stock paces Dow declines, dips into bear-market territory before bouncing

Shares of Intel Corp. INTC, -0.97% fell 0.eight% in midday business, hanging them on the right track to close at a seven-month low, and as they paced the eight of 30 Dow Jones Industrial Average DJIA, +0.50% elements that had been losing floor. Analyst Rick Schafer at Oppenheimer stated the chip maker is encountering "tight" 14-nanometer procedure production capability in space, so is looking to outsource part of its 14nm chip production to Taiwan Semiconductor Co. Ltd. TSM, -0.87% according to business sources. In Intel's second-quarter post-earnings conference name with analysts, the company had stated it had a "leadership" 14nm product lineup for 2019. The inventory has shed 16% during the last three months, whilst the PHLX Semiconductor Index SOX, -0.54% has slipped 2.eight% and the Dow has won 2.7%. Earlier in Tuesday's consultation, the inventory hit an intraday low of $45.55, which was 20.2% under the 18-year final high of $57.08 on June 1. Many chart watchers define a endure market as a decline of 20% or more on a final basis from a bull-market high. A close at or under $45.66 would mark the primary endure marketplace for Intel stocks since July 2016.

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