Intel stock slides 5% as board chair exit lands after the bell; traders eye next Intel update
Intel shares fell 5.3% to $43.08 Tuesday after the company said board chair Frank Yeary will step down following the May 13 annual meeting, with Craig Barratt named as successor. The stock was little changed in after-hours trading. Broader markets and tech stocks slid as oil prices surged on Middle East tensions. The S&P 500 closed below its 100-day moving average for the first time since November.