Futures dip, Intel's disappointing outlook, PCE ahead - what's moving markets

investing.com:

Investing.com — U.S. stock futures edge down on Friday, as investors gauge a disappointing revenue outlook from chipmaker Intel (NASDAQ:INTC) and look ahead to fresh inflation data. Payments processor Visa (NYSE:V) forecasts a slowdown in quarterly revenue growth in its current quarter due in part to a recent cold snap in much of the U.S. that hit spending activity.

1. Futures lower

U.S. stock futures dipped on Friday, pointing to a possible retreat for equities after a week of gains.

By 05:20 ET (10:20 GMT), the Dow futures contract had fallen by 76 points or 0.2%, S&P 500 futures had lost 12 points or 0.2%, and Nasdaq 100 futures had slipped by 112 points or 0.6%.

The main indices on Wall Street jumped on Thursday, spurred on by a stronger-than-anticipated advance estimate of U.S. economic growth in the fourth quarter. The figure bolstered hopes that the world's largest economy was on course for a soft landing, a scenario in which inflation is quelled without sparking a steep downturn in activity.

The benchmark S&P 500 notched its fifth consecutive record close, climbing by 0.5%, while the tech-heavy Nasdaq Composite grew by 0.2% and the 30-stock Dow Jones Industrial Average added 0.6%.

Disturbing the upbeat sentiment was electric vehicle giant Tesla (NASDAQ:TSLA), which slumped by 12.1% after it warned that sales would increase at a «notably lower» pace this year.

2. Intel unveils disappointing revenue outlook

Weighing on the mood in markets heading into the final trading day of the week was a disappointing first-quarter revenue forecast from Intel.

The semiconductor manufacturer said it expects to post revenue in its current three month period of $12.2 billion to $13.2 billion, a range that was well below Wall