Amazon and Intel triggered another major selloff in big tech stocks, alongside a large cryptocurrency heist. The piece is a rundown of other market news to know for the day.
Summary written by Upside AI from the original article. Read the source for full details.
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Keywords
tech stocksAAPLearningsmidterm elections
Open a keyword to see other news on the same topic.
Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.33 |
| Change that session | -1.42% |
AAPL
▼ Likely negativeApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/29/2026 | 348.94 |
| Change that session | +1.49% |
AMZN
▼ Likely negativeAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/29/2026 | 244.23 |
| Change that session | -4.07% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 769.53 |
| Change that session | -0.36% |
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/29/2026 | 283.75 |
| Change that session | -12.66% |
META
▼ Likely negativeMeta Platforms
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/29/2026 | 624.54 |
| Change that session | +1.97% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Nov. 2 Could Be a Big Day for Apple Stock
Apple has become only the second company in the world to reach a $5 trillion market cap and will report fiscal fourth-quarter and full-year 2026 results on Nov. 2. Management guided for 10% sales growth at the midpoint and a 47.5% gross margin, while Wall Street expects 10.6% sales growth and $1.98 in EPS, up from $1.85 a year earlier. The company expects a lower gross margin and slower iPhone sales growth, attributing the pressure to surging memory prices, which former CEO Tim Cook had earlier called a "100-year flood." This will be the first time new CEO John Ternus faces investors on earnings. With the stock up 27% year to date and trading near 40 times trailing 12-month earnings, the article notes that any doubt about results or guidance could weigh on the shares.
- Ahead of Apple Earnings, Here's What Barchart Data Says Comes Next for AAPL Stock
Apple is scheduled to report its fiscal fourth-quarter earnings on November 2. Options data suggests AAPL stock may rally following the quarterly release.
- Apple stock flashes rare signal before crucial earnings
- Seeking Clues to Apple (AAPL) Q4 Earnings? A Peek Into Wall Street Projections for Key Metrics
Analysts expect Apple (AAPL) to report earnings of $1.98 per share for the upcoming quarter, up 7% year over year, on revenue of $112.95 billion, up 10.2%. The consensus EPS estimate was revised down 1% over the past 30 days. Average analyst estimates for net sales are $57.18 billion for iPhone (up 16.6%), $9.56 billion for Mac (up 9.6%), $6.54 billion for iPad (down 5.9%), and $9.00 billion for Wearables, Home and Accessories (down 0.1%). Services net sales are projected at $31.50 billion (up 9.6%), with services gross margin at $23.76 billion versus $21.64 billion a year earlier. Products gross margin is estimated at $29.91 billion, compared with $26.70 billion in the same quarter last year.
- Will Apple (AAPL) Beat Estimates Again in Its Next Earnings Report?
Zacks notes Apple (AAPL) has consistently topped earnings estimates, with an average surprise of 3.14% over the past two quarters. Apple was expected to earn $1.88 per share in its most recent quarter and reported $1.91, a 1.60% surprise; in the prior quarter it posted $2.01 against a $1.92 consensus, a 4.69% surprise. Its Zacks Earnings ESP is +0.69%, indicating analysts have revised estimates upward, and combined with a Zacks Rank #3 (Hold), Zacks suggests another beat is possible. Zacks research finds stocks with a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. The next earnings report is expected on November 2, 2026.
- Why Buying Apple Stock Before Q4 Earnings Could Be Risky
Apple is expected to keep growing revenue in the fourth quarter, supported by ongoing demand for the iPhone and Mac and resilience in its Services segment. The article frames buying the stock before this earnings report as potentially risky.
Related markets
Latest news
- Inside the hunt for the hacker group that stole $6.3 billion: Where do the investigation leads point?
The $6.3 billion theft reportedly began when a DevOps engineer's laptop on Binance's internal infrastructure was compromised, rather than through a leak of wallet private keys. The exchange worked with blockchain partners to freeze about $3 billion on-chain, pledged to cover all losses from company funds and its emergency reserve, and expects to resume withdrawals within 48 hours. Blockchain analysts including TRM Labs and Chainalysis said the attack bears the hallmarks of North Korean cybercriminal groups, which Pyongyang firmly denied, calling the accusations fabricated. Co-CEO Richard Tend said the investigation has not yet identified any individual responsible or found evidence of a private-key leak. Bitcoin hit a six-week low of $76,368, while Ether fell more than 3% to a two-month low of $2,178 before markets stabilized.
- Exchange-Traded Funds Lower, Equity Futures Mixed Pre-Bell Friday Amid Steep Tech Decline
The SPDR S&P 500 ETF Trust (SPY), a broad-market ETF, fell 1.1% ahead of Friday's open. The rest of the article is cut off and consists of subscription prompts, so no further details are available.
- 4 Stocks Where Rising Yields Come From Bigger Dividend Checks, Not Falling Prices
The article contrasts rising dividend yields driven by bigger payouts with those driven by falling share prices, using Visa, JPMorgan Chase and Walmart as examples of the former and Broadcom as a contrast. Visa raised its quarterly dividend 16% to $0.78 from $0.67, a forward yield of about 0.75% at $415 a share, while the stock gained 22.57% over the past year, and fiscal 2026 free cash flow of roughly $22.06 billion covered $20.5 billion of buybacks. JPMorgan raised its quarterly dividend 10% to $1.65 from $1.50, for a forward yield of about 1.91% at $345.44, and the article cites a CET1 ratio of 14.3% alongside a card net charge-off rate of 3.33%. Walmart raised its quarterly dividend to $0.2475 from $0.235, a 5.3% increase and a yield of about 0.82% at $121.25, while Broadcom's dividend held at $0.65 and its shares fell 13.52% over the past year.
- Steve Eisman Says Anthropic's Growth Fell From 147% to 45% Ahead of Its IPO
Steve Eisman says Anthropic's sequential revenue growth fell from 147% in the second quarter to 45% in the third, blaming 'the end of token maxing,' meaning heavy usage that boosts usage-based revenue until it fades. Anthropic's S-1, filed October 26, 2026, for a Nasdaq listing under 'ANT' leaves third-quarter revenue blank. According to an unnamed attendee at an October 14 investor day, third-quarter revenue reached $16.8 billion, up more than 45%, though Anthropic declined to comment. His efficiency gauge, revenue over compute and infrastructure expense, was 2.08 times in the second quarter, matching the filing, and 1.7 in the third quarter by his estimate. Anthropic is reportedly seeking up to $100 billion, with some investors valuing it near $1.5 trillion, and trading could begin on November 26.
- World's Largest Crypto Heist: Hackers Steal $6.3 Billion From Binance in Just 20 Minutes
Binance, the world's largest cryptocurrency exchange, lost $6.3 billion to hackers in a record heist that TRM Labs and Chainalysis attribute to North Korea. According to the two firms, most of the attack took place within about 20 minutes starting late on October 29, with assets moved to wallets controlled by the hackers. Binance said the initial cause was a compromised laptop belonging to an engineer, that about $3 billion has been located, and that withdrawals are expected to resume within 48 hours, while it did not address the status of the remaining $3.3 billion. Bitcoin hit a six-week low of $76,368, Ether fell to $2,178, and BNB dropped 5% to $709.70.
- AMD's stock slides after Intel earnings reveal two big issues
Intel is struggling to produce enough AI server chips and faces a weak PC market. Investors will soon learn how much AMD is affected by the same problems.
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