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Nasdaq-100 futures fall 2% as Amazon and Intel tumble after earnings: Live updates

Nasdaq-100 futures slid more than 2 percent in premarket trading after disappointing quarterly reports and guidance from Amazon and Intel intensified investor anxiety over artificial intelligence spending. The broader technology sector suffered a severe sell-off, dragging down major indexes as markets reacted to soaring infrastructure costs. Alphabet results earlier in the week also contributed to the negative sentiment, while a reported cyberattack on cryptocurrency exchange Binance added further market uncertainty on the final trading day of October.

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  • ✓ Nasdaq-100 futures fell over 2 percent in premarket trading.
  • ✓ Amazon shares fell 7 percent in premarket trading.
  • ✓ Big Tech shed nearly $900 billion in a rout over soaring AI spending.
  • ✓ Intel sank almost 29 percent for its worst day since 1974 after giving a profit forecast that fell below analysts expectations.
🛡️ Source Corroboration: 15 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Nasdaq-100 futures fell over 2 percent following weaker earnings reports and forecasts from Amazon and Intel.

Live updates

  1. Nasdaq-100 Futures Fall 2% as Amazon and Intel Tumble

    Nasdaq-100 futures slid more than 2 percent in premarket trading after disappointing quarterly reports and guidance from Amazon and Intel intensified investor anxiety over artificial intelligence spending. The broader technology sector suffered a severe sell-off, dragging down major indexes as markets reacted to soaring infrastructure costs. Alphabet results earlier in the week also contributed to the negative sentiment, while a reported cyberattack on cryptocurrency exchange Binance added further market uncertainty on the final trading day of October.

    Why it matters

    Wall Street faced mounting pressure as ballooning capital expenditures on artificial intelligence infrastructure raised concerns about short-term profitability for major technology firms. Big Tech companies recently shed nearly $900 billion in a broader rout driven by these soaring AI spending worries. Intel shares sank sharply following a profit forecast that missed analyst expectations, compounding the pressure on semiconductor and cloud computing titans.

    What is confirmed

    • Nasdaq-100 futures fell over 2 percent in premarket trading.
    • Amazon shares fell 7 percent in premarket trading.
    • Big Tech shed nearly $900 billion in a rout over soaring AI spending.
    • Intel sank almost 29 percent for its worst day since 1974 after giving a profit forecast that fell below analysts expectations.

    Still unconfirmed

    • A reported $6.3 billion cyberattack on cryptocurrency exchange Binance added to market uncertainty.

    What to watch next

    • Monitor regular trading session price action for the Nasdaq composite, S&P 500, and Dow Jones Industrial Average.
    • Watch for further analyst revisions and institutional responses to Big Tech capital expenditure plans.
    Sources used for this update (19)
    1. MarketWatch — Stock Market Today: Dow set for 300-point gain as S&P 500 and Nasdaq poised to decline after Alphabet results; Amazon and Intel earnings on tap
    2. WSJ — Stock Market Today: Nasdaq Futures Slump After Google Earnings Disappoint — Live Updates
    3. Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq fall as Alphabet stock sell-off drags on tech, AI jitters return
    4. CNBC — Nasdaq-100 futures fall as Amazon and Intel swoon after earnings: Live updates
    5. Bloomberg.com — Asia Stocks Under Pressure, Haven Bid Boosts Bonds: Markets Wrap
    6. Investor's Business Daily — Tech Futures Skid As Amazon, Intel Lead Earnings Losers
    7. CNBC — Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings
    8. South China Morning Post — After brutal sell-off, what comes next for the titans of Big Tech?
    9. Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures fall as Amazon, Intel earnings rattle investors
    10. MarketWatch — Amazon’s and Intel’s stocks are set to plunge. But Wall Street’s October winners may surprise you.
    11. Financial Times — Big Tech sheds nearly $900bn in rout over soaring AI spending
    12. shattered.io — Nasdaq Futures Fall 2.2% as Amazon, Intel Sink [2026]
    confidence 95%
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