INTC falls 2% premarket on profit-taking. Despite the dip, technicals stay bullish ahead of July 23 earnings.
Intel Corp.
(NASDAQ:INTC) stock fell nearly 2% in Wednesday's premarket session as investors turned cautious following a weaker overnight market backdrop.
Nasdaq futures were down 0.54%, while S&P 500 futures slipped 0.31%, weighing on technology stocks ahead of the opening bell.
Intel appeared to be facing profit-taking after a strong rally that pushed the stock close to its 52-week high.
The stock has significantly outperformed the broader market over the past year.
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