Dow wobbles at the open as rally stalls, Intel weighs on Nasdaq

Market Overview - US markets opened lower after a strong three-day rally, with the Dow down 187 points (0.5%), S&P 500 down 13 points (0.2%), and Nasdaq down 23 points (0.1%) [1] - After a period of record highs, markets are assessing mixed earnings reports and economic signals to determine the sustainability of the rally [2] Company Performance - Intel Corp's stock fell 7.6% due to a weaker-than-expected forecast, despite beating earnings estimates for the first quarter, highlighting elevated uncertainty in the tech industry [3] - Alphabet Inc's shares rose 3.1% after reporting a 50% increase in quarterly profit, with revenue reaching $90.2 billion, a 12% year-over-year increase, providing support for the broader market [4][8] Economic Sentiment - Investor sentiment has improved regarding Donald Trump's trade agenda, with hopes for a softer stance on tariffs and more aggressive Fed rate cuts, although market jitters persist due to the unpredictable nature of trade policies [5] - Bond yields have decreased as investors speculate that the Fed may need to act if the labor market shows signs of weakening [6] Trade Relations - Positive momentum from a more conciliatory approach to US-China trade talks has diminished, contributing to a weaker start for US stock indices [7] - China is considering easing tariffs on some US imports, which, along with dovish comments from the Federal Reserve, contributed to a positive trading session earlier in the week [10] Federal Reserve Outlook - Some Federal Reserve members have indicated a willingness to support rate cuts if job markets are affected, with potential cuts as early as June if economic downturn signs are evident [11]