European shares fell 0.25% on Friday as three tech earnings reports sent investors seeking safety, extending a global tech rout, though the STOXX 600 remains on track for its best month since June, up about 2.2% for the month. Alphabet reported a revenue miss and negative free cash flow, while Amazon posted negative free cash flow of $42.4 billion over the past 12 months and third-quarter capital expenditure of $77.3 billion, more than double a year earlier. Intel forecast fourth-quarter revenue below analyst expectations, blaming a PC slowdown, and European tech stocks fell in sympathy, with ASML, ASM International, BE Semiconductor and Infineon each down more than 4%. ECB President Christine Lagarde said long-dated borrowing costs are rising worldwide partly because hyperscalers are issuing more long-term bonds, and Barclays was reported to be seeking default protection on more than $10 billion of AI infrastructure debt. STOXX 600 earnings are on course to grow 23.6% in the quarter, but excluding energy, growth is expected at 9.8%.
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Related tickers and likely impact
AMZN
▼ Likely negativeAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.6T |
| Close on 10/29/2026 | 243.79 |
| Change that session | -4.25% |
NVDA
▼ Likely negativeNvidia
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/29/2026 | 213.66 |
| Change that session | -0.80% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/29/2026 | 715.34 |
| Change that session | -1.42% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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