Stock market today: Nasdaq dives, S&P 500 and Dow fall as Amazon, Intel earnings fuel tech rout
The Nasdaq composite index has fallen sharply, led by declines in tech giants Amazon and Intel, whose earnings reports have raised concerns about the returns on massive AI spending. The S&P 500 and Dow Jones Industrial Average have also dropped. Investors are questioning whether the heavy investments in artificial intelligence will yield expected results.
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- ✓ Nasdaq-100 futures have fallen
- ✓ Amazon and Intel earnings reports have raised concerns about AI spending returns
- ✓ The S&P 500 and Dow Jones Industrial Average have also dropped
What changed
The market reaction to Amazon and Intel's earnings reports has intensified, leading to a significant drop in tech stocks.
Live updates
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Nasdaq dives as Amazon, Intel earnings fuel tech rout
The Nasdaq composite index has fallen sharply, led by declines in tech giants Amazon and Intel, whose earnings reports have raised concerns about the returns on massive AI spending. The S&P 500 and Dow Jones Industrial Average have also dropped. Investors are questioning whether the heavy investments in artificial intelligence will yield expected results.
Why it matters
The sell-off in tech stocks has contributed to a broader market decline, with investors growing increasingly cautious about the near-term prospects of the sector. This comes as several major tech companies have reported their earnings, with some failing to meet investor expectations.
What is confirmed
- Nasdaq-100 futures have fallen
- Amazon and Intel earnings reports have raised concerns about AI spending returns
- The S&P 500 and Dow Jones Industrial Average have also dropped
Still unconfirmed
- Investors are increasingly cautious about tech sector prospects
What to watch next
- Upcoming earnings reports from other major tech companies
- Investor sentiment on AI investment returns
- Market reaction to potential changes in tech sector spending
confidence 85%Sources used for this update (5)
- CNBC — Nasdaq-100 futures fall as Amazon and Intel swoon after earnings: Live updates
- CNN — Wall Street sell-off continues as investors question returns on massive AI spending
- Yahoo Finance — Stock market today: Nasdaq dives, S&P 500 and Dow fall as Amazon, Intel earnings fuel tech rout
- The New York Times — Tech Stocks Tumble, but Broader Market Is Holding On
- Yahoo Finance Australia — Stock Market Today (Oct. 30, 2026): S&P 500 sinks as Amazon, Intel losses shake Wall Street
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