News Summary (INTC, TIF, JCG, BEBE, AMR, DAL, CAL, ALK, LUV)

Intel Corp INTC has lowered its revenue projections for the third quarter to reflect the weaker-than-expected demand for consumer PCs "in mature markets." The company is now expecting the sales of $11 billion, plus or minus $200 million, down from the earlier range of $11.2 billion and $12 billion. Retail stocks moved down after Tiffany & Co TIF and J Crew Group Inc JCG issued conservative projections for the third quarter. Shares of TIF dropped about 4.5%, while JCG’s shares dipped about 6%. Shares of Bebe Stores Inc BEBE gained 6% after the company swung to a better-than-expected FQ4 profit. The S&P Retail Index (RLX) was down about 0.9%. Airline stocks gained some momentum after fluctuating earlier. The stocks moving up in the list were AMR Corp AMR, Delta Air Lines DAL, Continental CAL, Alaska Air ALK and Southwest LUV. The NYSE Arca Airline Index (XAL) rose about 1.13%. Read more from Benzinga's Markets.