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Stock market rocked as investors dump tech shares, Nasdaq drops 3%: Live updates

Wall Street experienced a sharp sell-off as investors dumped technology shares, pushing the Nasdaq down over 3% and suffering its worst single-day performance since June. The S&P 500 and the Dow also fell sharply. Amazon and Intel shares tumbled following their latest earnings reports, triggering a broader market retreat as investors questioned whether billions of dollars poured into artificial intelligence can generate returns quickly enough. While tech stocks tumbled, the broader market attempted to hold on as investors fled to safe havens like Treasurys.

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  • ✓ The tech-heavy Nasdaq lost 2.86% on Friday for its worst single-day performance since June.
  • ✓ Amazon and Intel shares tumbled after the companies posted their latest earnings reports.
  • ✓ The blue-chip Dow was down 572 points, or 1.1%, while the S&P 500 slid 1.8%.
  • ✓ Intel stock headed for its worst day in more than 50 years, wiping $12 billion off the government's stake.
🛡️ Source Corroboration: 9 independent reporting domains (95% confidence) ⏱ Read time: ~2 min

What changed

Intel shares headed toward their worst single-day drop in over fifty years following disappointing earnings reports.

Live updates

  1. Nasdaq Plunges 3% as Tech Shares Suffer Sell-Off

    Wall Street experienced a sharp sell-off as investors dumped technology shares, pushing the Nasdaq down over 3% and suffering its worst single-day performance since June. The S&P 500 and the Dow also fell sharply. Amazon and Intel shares tumbled following their latest earnings reports, triggering a broader market retreat as investors questioned whether billions of dollars poured into artificial intelligence can generate returns quickly enough. While tech stocks tumbled, the broader market attempted to hold on as investors fled to safe havens like Treasurys.

    Why it matters

    The steep market decline reflects growing skepticism among investors regarding heavy corporate investments in data centres and weakening free cash flows. Market participants are questioning the financial returns on massive artificial intelligence spending. Intel shares headed for their worst day in more than 50 years, wiping $12 billion off the government stake.

    What is confirmed

    • The tech-heavy Nasdaq lost 2.86% on Friday for its worst single-day performance since June.
    • Amazon and Intel shares tumbled after the companies posted their latest earnings reports.
    • The blue-chip Dow was down 572 points, or 1.1%, while the S&P 500 slid 1.8%.
    • Intel stock headed for its worst day in more than 50 years, wiping $12 billion off the government's stake.

    Still unconfirmed

    • Tech sell-offs drove US markets down by nearly $1tn.

    What to watch next

    • Upcoming earnings reports and revenue updates from major technology firms.
    • Further shifts in investor capital moving toward safe-haven assets like Treasurys.
    • Continued market reaction to massive artificial intelligence infrastructure spending.
    Sources used for this update (11)
    1. www.investors.com — Stock Market Today: Stock Market News And Analysis
    2. CNBC — Nasdaq-100 futures fall as Amazon and Intel swoon after earnings: Live updates
    3. www.cnbc.com — Nasdaq-100 futures fall 2% as Amazon and Intel tumble after earnings: Live updates
    4. CNN — Wall Street sell-off continues as investors question returns on massive AI spending
    5. The New York Times — Tech Stocks Tumble, but Broader Market Is Holding On
    6. Yahoo Finance — Stock market today: Nasdaq dives over 3%, S&P 500 and Dow tank as AI reckoning grips Wall Street
    7. CNBC — Intel stock heads for worst day in more than 50 years, wiping $12 billion off government's stake
    8. www.theguardian.com — Tech sell-off drives US markets down by nearly $1tn after ...
    9. www.businessinsider.com — Stock Market Today: Nasdaq Plunges 3% After Grim Intel ...
    10. www.livemint.com — Why did investors dump technology stocks this week? AI ... - Mint
    11. www.cnbc.com — Stock market rocked as investors dump tech shares; Nasdaq ...
    confidence 95%
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