Exchange traded funds tracking Nasdaq-listed stocks were trailing the Dow and S&P 500 in Friday’s rally as Intel (NasdaqGS: INTC) shares dragged following a blog report that Apple (NasdaqGS: AAPL) is moving its laptops to ARM based chips.
Intel shares were down nearly 2% following the report from SemiAccurate.com saying Apple will drop Intel processors from its laptops.
PowerShares QQQ (NasdaqGM: QQQ) was up 1% but was trailing the major stock indicators as Intel weighed on the ETF.
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