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Nasdaq futures edge lower after Intel’s margin warning

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Reuters

By Shreyashi Sanyal (Reuters) – Nasdaq futures edged lower on Friday after chipmaker Intel warned of lower profit margins, while Snap Inc led declines among social media firms after flagging a hit to digital advertising from privacy changes by Apple. Intel Corp slid 10.3% in premarket trading as it missed third-quarter sales expectations, while its Chief Executive pointed to shortage of other chips holding back sales of the company’s flagship processors. Supply chain worries, inflationary pressures and labor shortages have been at the center of third-quarter earnings season, with analysts expe…

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