Closing Bell: Alaska Air Rises on Earnings, Intel Plunges, Apple Falls

On this episode of Stock Movers:

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Katie Greifeld, Carol Massar and Tim Stenovec.

- Alaska Air (ALK) rose after it beat Wall Street’s expectations and reported strong demand for premium and business flying, though it joined larger rivals in offering a more tepid outlook for 2026.

- Intel (INTC) shares plunged 17% after Chief Executive Officer Lip-Bu Tan gave a lackluster forecast and warned that the chipmaker was struggling with manufacturing problems. The company's stock slide is delivering a reality check to President Donald Trump’s vision for quickly reviving domestic chip manufacturing led by an American champion, four months after the US moved to acquire as much as a 10% stake in the company.

- Apple (AAPL) shares are fell on Friday, with the iPhone maker on track to extend a lengthy stretch of negative weekly returns. While big tech stocks have struggled so far in 2026, with the Bloomberg Magnificent 7 Index down 1.4% this year, Apple has also been pressured by higher prices for memory chips, a key component of iPhones and other hardware.

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