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Intel Slides on QLogic Warning; Stocks Finish Far From Highs

Intel (INTC) was the worst performer on the Dow Thursday on fears of weakening demand following key supplier QLogic's (QLGC) quarterly sales warning.

Intel (INTC) was the worst performer on the Dow Thursday on fears of weakening demand following key supplier QLogic's (QLGC) quarterly sales warning. A China-inspired rally faded throughout the afternoon with investors showing increasing concern as Greece barreled toward its debt deadline. The S&P 500 added 0.2% and the Dow gained 32 points, both far from session highs of more than 1%. Uncertainty over Greece's future headlined the afternoon session as Athens approached a deadline in which to submit proposed spending cuts. The government is seeking a three-year loan from the eurozone to save it from bankruptcy and keep it in the euro. Walgreens Boots Alliance (WBA) topped the S&P 500 after beating quarterly estimates and naming Stefano Pessina as its permanent CEO.

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