The Nasdaq Composite fell 2.9% to 25,437, its steepest one-day decline since March 2025, turning a weekly gain into a 2% weekly loss; the S&P 500 dropped 1.8% to 7,580 and the Dow Jones Industrial Average fell 1.1% to 51,770. Money flowed out of technology and AI infrastructure stocks into energy, consumer staples, healthcare and Treasury bonds, as investors grew concerned about AI capex plans and returns on AI spending. Alphabet reported its weakest ad revenue growth in five quarters and Amazon's e-commerce sales slowed to a three-year low, while Microsoft's cloud revenue rose strongly, including Azure sales that beat expectations. Intel fell 28.6%, the worst-performing S&P 500 stock of the day, after mixed results and weak guidance amid faster-than-expected deceleration in its PC market; it expects fourth-quarter EPS of 25 cents on $15–16 billion in revenue, below Wall Street's forecast of 45 cents on $17.3 billion. WTI crude rose 2.4% to $104.45 per barrel, while the 10-year Treasury yield fell 5.8 basis points to 4.931%.
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Related tickers and likely impact
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: high
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 690.49 |
| Change that session | -3.47% |
SPY
▼ Likely negativeSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/30/2026 | 755.72 |
| Change that session | -1.77% |
AAPL
▼ Likely negativeApple Inc.
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Technology Hardware, Storage & Peripherals |
| Market cap | $5.1T |
| Close on 10/30/2026 | 344.63 |
| Change that session | -1.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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