Stock Movers Closing Bell: Alaska Air Rises on Earnings, Intel Plunges, Apple Falls
Jan 23, 2026
Market movers at the close: Alaska Air surprises with stronger premium travel demand despite a cautious outlook. Intel tumbles after a weak forecast and manufacturing woes. Apple extends a multiweek slide amid rising memory costs and scrutiny ahead of earnings. Other topics include sector winners, bond volatility, and potential catalysts for tech stocks.
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Air Travel Demand Shows Strength Amid Caution
- Alaska Air beat expectations and showed strong premium and business demand despite a cautious 2026 outlook.
- Executives warned that volatile fuel prices and geopolitical shocks keep airline results unpredictable.
Intel Setback Undermines U.S. Chip Strategy
- Intel plunged after CEO Lip-Bu Tan warned of manufacturing problems and gave a weak forecast.
- The drop challenges U.S. plans to rebuild domestic chipmaking with Intel as a cornerstone.
Apple Faces Prolonged Weekly Decline
- Apple has had a long stretch of weekly losses and faces pressure from higher memory-chip prices.
- If the slide continues next week, Apple could hit its longest losing streak since July 1993.