Wall Street extended its losses today as a rise in oil prices and a profit warning from United Parcel Service raised investors’ anxiety about the well-being of the economy.

TECHNOLOGY firms are supposed to prop up US earnings growth this year, helping the stock market move higher.

THE world’s biggest chip maker Intel has said first-quarter profit sank 38%, the biggest decline in more than four years, as the company lost market share to Advanced Micro Devices Inc (AMD).

Intel Corp, the world’s biggest chipmaker, said it is under investigation by Japan’s Fair Trade Commission, six weeks after the regulator raided Microsoft Corp offices seeking evidence of anti-competitive activities.

New York: Intel Corp shares were downgraded to ‘neutral’ from ’overweight’ by JP Morgan Chase & Co analyst Christopher Danely, who said demand for computer chips will peak next month.