Tech stocks sold off again on Friday as worries grew that AI enthusiasm had pushed prices too high, and Intel sank almost 29% after a weak profit forecast. The S&P 500 fell 1.8% to 7,580.07, its worst day since June, while the Dow dropped 1.1% and the Nasdaq Composite fell 2.9% to 25,437.00. Amazon's profit report added to concerns about AI spending, and Treasury yields fell as investors sought safer assets even though oil prices rose. For the week, the S&P 500 was down 0.6% and the Nasdaq down 2%, while the Russell 2000 gained 1.3%. Year to date, the S&P 500 is up 10.7% and the Nasdaq up 9.4%.
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Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.71 |
| Change that session | -1.77% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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