NEW YORK (CNNMoney.com) - Intel's revenue warning sent technology shares reeling at the open Friday, but it had only a muted impact on the broader market.

The Nasdaq composite (down 12.82 to 2,298.29, Charts) lost 0.4 percent in the early going. The Dow Jones industrial average (down 28.02 to 11,025.51, Charts) and the broader Standard & Poor's 500 (down 4.52 to 1,284.62, Charts) index both lost about 0.2 percent.

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Stocks posted modest losses Thursday in response to a jump in crude oil prices and bond yields, and a spate of weak February retail sales reports.

But Friday morning the focus was Intel. The tech leader warned that its first-quarter revenue will miss an earlier forecast due to weaker-than-expected demand and a modest loss in market share.

Shares of Intel (down $0.60 to $19.89, Research), a Dow component, fell about 2 percent.

A number of other chip stocks dropped, although the selloff was pretty modest. The Philadelphia Semiconductor (down 2.61 to 543.68, Charts) index, or the SOX, fell 0.6 percent.

Reports on consumer sentiment and the services sector of the economy are due shortly.

U.S. light crude oil for April delivery fell 16 cents to $63.20 a barrel in electronic trading.

Treasury prices slumped, raising the yield on the 10-year note to around 4.66 percent from 4.63 percent late Friday. Treasury prices and yields move in opposite directions.

In currency trading, the dollar was little changed versus the euro and gained versus the yen.

COMEX gold for April delivery fell $1.80 to $568.60 an ounce.

In global trade, major Asian markets ended lower and European markets were mostly lower at midday.

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