Futures rise on gains in Intel, coronavirus fears linger [Reuters]
Intel Corporation (INTC)
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Source: Reuters
Futures rise on gains in Intel, coronavirus fears linger (Reuters) - U.S. stock index futures edged higher on Friday, as a strong forecast from chipmaker Intel and encouraging business activity data out of Europe lifted the mood as investors tracked latest developments related to the coronavirus outbreak. Intel Corp ( INTC.O ) jumped 5.2% in premarket trading, on course to open at a 19-year high, after it forecast better-than-expected 2020 earnings, joining many of its peers to signal a recovery in chip demand. Advanced Micro Devices ( AMD.O ) rose 1.5%, while Broadcom Inc ( AVGO.O ) gained 3.5% after entering an agreement with Apple Inc ( AAPL.O ) for the supply of wireless components used in its products. While China ramped up measures to contain a virus that has killed 26 people and infected more than 800 in the past week, investors took relief from the World Health Organisation declaring the new coronavirus an emergency just for China and stopping short of declaring the ep
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