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Futures down: Dow 0.24%, S&P 500 0.23%, Nasdaq 0.35%

Jan 23 (Reuters) - U.S. stock futures dipped on Friday,

signaling a second consecutive week of declines for the S&P 500

and Nasdaq, as Intel's ( INTC ) shares plunged after disappointing

forecasts, ‌while lingering geopolitical tensions weighed on

sentiment.

Stocks have rebounded in the past two sessions following

Tuesday's sharp selloff triggered by U.S. President Donald

Trump's ​threats to impose tariffs on European allies until

Washington was allowed to buy Greenland.

Although Trump ‍later backed off from tariff threats and

ruled out taking Greenland by ⁠force, the benchmark S&P ⁠500

and the tech-heavy Nasdaq still look set to end

the week with losses.

Safe-haven gold rallied to a record high in further

evidence ‌of the risk-off mood prevailing among investors.

By 5:57 ​a.m. ET, S&P 500 E-minis were down 16.25

points, or 0.23%. Nasdaq 100 E-minis fell 91 points, or

0.35%, and Dow E-minis dropped 117 points, or 0.24%

Intel's ( INTC ) ⁠shares slid 13.6% in premarket trading

after the chipmaker ‍forecast quarterly ​revenue and profit below

market estimates, saying it struggled to satisfy demand for its

server chips used in AI data centers. Its shares have surged

about 50% since the start of ‍the year.

Many of the so-called Magnificent Seven stocks, including

Apple ( AAPL ), Tesla and Microsoft ( MSFT ), are set

to report earnings next week. Given their weightage on indexes,

their outlooks will be closely watched to see how much juice

remains in the growth stories which so far have justified their

sky-high valuations.

Driven by a strong U.S. economy and expectations of interest

rate cuts this year, market gains have broadened ​beyond the

megacap ‍names to other pockets in the stock market. Both the

small-cap Russell 2000 and the Dow Jones Transports

indexes touched record highs on Thursday.

After some better-than-expected economic data releases ​on

Thursday, investors await the S&P Global's business activity

surveys for January and University of Michigan's consumer

sentiment data later in the day.

The Federal Reserve is widely expected to hold interest

rates in the 3.5%-3.75% range after its policy meeting next

week.

Trump, who has criticized Jerome Powell for waiting too long

to cut interest rates, said he will soon announce his pick for

the next Fed chair.

Among other movers, Intuitive Surgical ( ISRG ) rose 3.7%

after it beat ​Wall Street estimates for fourth-quarter profit

and revenue on growing demand for its surgical robots used in

minimally invasive procedures.

U.S.-listed shares of silver miners such as Hecla Mining ( HL )

and Coeur Mining ( CDE ) rose 2% and 0.7%, respectively,

as silver prices touched record highs ‍and neared

$100-per-ounce mark for the first time.