News · Yahoo Finance

Nasdaq Futures Slide 2.2% as Amazon and Intel Earnings Fuel AI Spending Concerns, Binance Hit by $6.3 Billion Hack: Dow Jones, S&P, Wall Street

US stock futures fell sharply on Friday, with Nasdaq 100 futures down 646 points, or 2.2%, as disappointing tech earnings intensified worries about AI infrastructure spending. Alphabet suffered its biggest one-day loss in market value, more than $500 billion, after announcing plans for substantial additional AI investment, while Microsoft completed a $25 billion bond offering. Amazon shares fell more than 6% premarket as online store sales rose 2% and advertising revenue grew 11%, despite Amazon Web Services' faster growth and planned capital spending of about $220 billion. Intel shares were down more than 25% premarket after fourth-quarter guidance came in below analyst expectations. Separately, Binance said hackers stole about $6.3 billion in digital assets, roughly half of which was frozen by stablecoin issuers, and it suspended withdrawals while Bitcoin fell 2.6% to about $78,001.80.

Summary written by Upside AI from the original article. Read the source for full details.

Read the original on Yahoo Finance ↗

Keywords

NasdaqcryptobitcoinstablecoinsAI investment

Open a keyword to see other news on the same topic.

Related tickers and likely impact

BNB/USDT

▼ Likely negative

BNB

Relevance: high

MarketCrypto
ExchangeBinance
SectorExchange tokens
Market cap$97.5B
Close on 10/29/2026698.46
Change that session-8.08%
BNB/USDT price, forecasts and signals →

QQQ

▼ Likely negative

Invesco QQQ Trust

Relevance: high

MarketUS stocks
SectorETF
Close on 10/29/2026715.33
Change that session-1.42%
QQQ price, forecasts and signals →

AMZN

▼ Likely negative

Amazon

Relevance: medium

MarketUS stocks
SectorConsumer Discretionary
IndustryBroadline Retail
Market cap$2.7T
Close on 10/29/2026244.23
Change that session-4.07%
AMZN price, forecasts and signals →

BTC/USDT

▼ Likely negative

Bitcoin

Relevance: low

MarketCrypto
ExchangeBinance
SectorLayer 1
Market cap$1.6T
Close on 10/29/202677,991.89
Change that session-4.12%
BTC/USDT price, forecasts and signals →

Impact is scored by AI from the headline and may be wrong. It is not investment advice.

Related news

  • Wells Fargo, Cisco, Intuit Among 6 More Companies Objecting to Tokenized Stocks

    Six more companies, including Wells Fargo, Cisco, Marvell, Arm, Moderna and Intuit, have objected to trading their shares on OKXICE TSV, according to an Oct. 23 notice, bringing the total to 22, up from 16 on Oct. 19 and nine on Oct. 15. The notices do not explain the companies' reasons or the effect of an objection. The venue, a 50-50 joint venture of Intercontinental Exchange and OKX's U.S. holding company, plans to let approved users trade tokenized U.S. stocks 24/7, paired with stablecoins such as USDC, under the SEC's innovation exemption. The latest notice also flags risks, including no circuit breakers beyond trading halts, no policies on maximal extractable value, unsettled questions for broker-dealers on trade reporting and best execution, and smart contracts that can be upgraded without advance notice. Nasdaq has said it will opt its shares out of the exemption.

    Decrypt·tokenized stockscryptostablecoins
  • Crypto Biz: Bitcoin's quantum threat is becoming an economic problem

    Stacks founder Muneeb Ali believes quantum computing risks are already discouraging institutional investment, even as US spot Bitcoin ETFs hold more than $104 billion in net assets according to BitBo data. He says Bitcoin needs a credible roadmap and meaningful progress toward quantum resistance by 2028, with 2030 cited as the target for completing the transition under NIST guidance, though advances in AI could bring that deadline forward. Ripple received final approval from the US Office of the Comptroller of the Currency for a national trust bank that will manage reserves backing its RLUSD stablecoin. According to Kaiko, USDC now accounts for 56% of euro-denominated stablecoin trading, up from 10% in January 2024, after major exchanges restricted USDT for EEA customers under MiCA. Separately, VanEck, a $244 billion asset manager, launched the actively managed VanEck Wealth Builder ETF (NYSE: WBMO), targeting a 2% Bitcoin allocation that can range from 1% to 5%.

    Cointelegraph·▼ BTC/USDT▼ ETH/USDTcryptobitcoinquantum computing
  • Bitcoin Dips Below $80,000. Here Are the 5 Factors That Are Impacting the Price of Bitcoin Right Now.

    Bitcoin hit a record $126,198 on Oct. 6, 2025, but now trades near $77,000 as rising interest rates, including the Fed's first hike in three years in September, pushed investors toward safer assets. The article says stablecoins are competing with Bitcoin's role in payments, citing Ark Invest's Cathie Wood, who cut her 2030 price target from $1.5 million to $1.2 million. The Binance hack, in which $6.3 billion was stolen and withdrawals were halted, raised questions about exchange security, while quantum computing poses a long-term 'Q-day' risk to Bitcoin's private keys. The article also notes Bitcoin lacks near-term catalysts, with its next halving not due until 2028 and the demise of the CLARITY Act possibly keeping institutional investors away.

    Yahoo Finance·▼ BTC/USDTbitcoincryptointerest rates
  • Morning Minute: Binance’s $6.4B Hack Overshadows Hyperliquid’s Biggest Day

    An attacker stole about $6.4 billion from Binance, by a wide margin the largest crypto theft on record and roughly four times the $1.5 billion taken from Bybit in February 2025. The funds moved across three blockchains: about $3.5 billion in ETH, $1.4 billion in BTC and $630 million on Tron, with final accounting still underway. Tether and Circle froze about $2.39 billion of the stolen tokens (43% of the haul), while Aave froze its V3 and V4 markets on Ethereum to guard against bad debt. Binance said it has reserved over $6.34 billion in company funds to cover losses, and ZachXBT said the funds were commingled with the $388 million Bitget exploit and believes the same North Korean hacker group was behind both. Markets fell on the day, with over $1.33 billion in positions liquidated, after HYPE had surged on news that Intercontinental Exchange is investing in trade.xyz.

    Decrypt·▼ BNB/USDT▲ HYPE/USDT• BTC/USDTcryptoBinancecybersecurity
  • Binance's $6.3 billion hack: What we know and what comes next

    Binance suffered a hack with an estimated impact of $6.3 billion, with about $3 billion in assets frozen so far and the exchange pledging to cover all losses. TRM Labs attributed the attack with high confidence to TraderTraitor, a North Korean state-sponsored hacking unit, and Chainalysis also linked it to the same group. TRM Labs estimated about $6.36 billion was moved from Binance wallets across 10 blockchains, mostly within about 20 minutes, after preparations began at least 36 hours earlier. Stablecoins such as USDT and USDC are easier to recover because their issuers can freeze and reissue them, while bitcoin and ether are harder to recover. Fundstrat's Sean Farrell said the attack does not currently appear to pose meaningful solvency risk, given that roughly $3.3 billion remains unfrozen and the roughly $1.2 billion SAFU fund could cover part of the losses.

    CNBC·▼ BNB/USDT▼ BTC/USDT▼ ETH/USDTBinancecryptobitcoin
  • 'Whale' Investors Rush to Pull Crypto Off Exchanges After Binance Hack

    Institutional investors are rapidly withdrawing assets from centralized exchanges after the Binance hack to reduce security risks, according to CoinDesk, though the size of these outflows and their destinations have not been determined. Binance estimates total stolen assets at about 6.3 billion USD, of which around 3 billion USD has been frozen, including 2.3 billion USD in the stablecoins USDT and USDC. The main cause may involve a compromised laptop belonging to an engineer; Binance has temporarily suspended withdrawals, and co-CEO Yi He said the platform will cover all losses from the attack. Bitcoin dipped to a low of about 76,460 USD, and total liquidations reached 1.53 billion USD over 24 hours, nearly 84% of them long positions.

    VnExpress·▼ BNB/USDT▼ BTC/USDT▼ ETH/USDTcryptobitcoincybersecurity

Related markets

Crypto →US stocks →

Latest news

  • The Gold-Silver Ratio Just Hit 80. Here's What History Says Happens Next.

    The gold-silver ratio, the number of silver ounces needed to buy one ounce of gold, has reached 80 with gold at $3,919 and silver at $49 per ounce. The 80-50 rule of thumb calls 50–80 neutral, but its results have been mixed: the ratio fell to 46 on Jan. 29, 2026, its lowest since 2011, and silver bought at $49 last October would have more than doubled, beating gold's roughly 40% gain, though investors who later switched back to gold lost ground. The article notes that silver's dual role as a precious and industrial metal, with about 74% of output a byproduct of other mining, leaves it exposed to rising rates, the Iran war and inflation. It cites a silver deficit forecast to widen from 40.3 million ounces in 2025 to 46.3 million ounces in 2026. Even with silver cheaper on this measure, the author says the ratio does not necessarily signal the best time to invest.

    Yahoo Finance·• PAXG/USDT• XAUT/USDT• XAU/USDgoldsilverinterest rates
  • Alphabet's October wipeout hits $766 billion, its worst month ever

    Alphabet (GOOGL) lost $477 billion in market value for the week through Friday's low, its worst week ever, after shares plunged $475 billion in one session on Thursday following third-quarter results. For October, the stock had shed about $766 billion at its low, second only to SpaceX's roughly $822 billion loss in July, and was down nearly 19% for the month, its steepest monthly drop since the 2004 IPO. Other megacaps also fell sharply, with Intel sliding as much as 30% after a weak outlook and Amazon losing about $70 billion for the week, while Eli Lilly, Tesla and SK Hynix added about $370 billion combined. UBS's chief investment office argued that retreating from markets does not protect portfolios and that investors should build resilient portfolios with exposure beyond tech. Alphabet closing at or below $280.50 on Friday would lock in its worst month since the IPO in percentage terms.

    Yahoo Finance·▼ GOOGLGOOGLtech stocksearnings
  • Broadcom Stock Outlook Hinges On AI Chip Growth And Anthropic Partnership

    Broadcom reported sharp growth in AI semiconductor revenue and expanded custom accelerator work with Anthropic and Meta, while its TrueSource Spring Enterprise release shipped 89 security fixes. The article says the outlook hinges on AI chip growth offsetting margin pressure, with Q4 2026 gross margin guided to 73% from 77.1% in Q2 2026 and about US$29b of potential exposure from AI XPV residual value guarantees. Analyst models assume revenue growth of about 52.7% a year and earnings rising from US$38.3b today to a consensus US$155.8b by 2029, implying a P/E of 23.0x versus 44.3x now. The consensus price target of US$531.85 sits above the current US$355.10 share price, though individual targets range from US$215.88 to US$715.00.

    Yahoo Finance·• NVDABroadcomsemiconductorsartificial intelligence
  • Meta (META) Stock Sees Modest Fair Value Lift As Muse And Financing Drive Debate

    The fair value estimate for Meta Platforms has risen from US$813.65 to US$848.38 per share as analysts weigh the Muse product ramp and a US$95b equity financing. Following Q3 results and the Muse launch, firms including Truist and Wells Fargo lifted targets to US$1,000, Tigress Financial to US$995 and Pivotal Research to US$960. Bulls cite strong advertising performance, early Muse engagement and possible new revenue from agents, business messaging and hardware. Bears such as Oppenheimer and Wedbush say Muse monetization may take time and that concerns about usage and password trust could limit willingness to pay, while Goldman Sachs and Oppenheimer flag higher 2027 operating expenses and capital spending. Mizuho and Piper Sandler note that the US$95b equity plan brings dilution into focus, though some interest expense could be reduced.

    Yahoo Finance·▲ METAMETAvaluationartificial intelligence
  • Critical Metals Sinks 11% as European Lithium Deal Nears New Share Issuance; USA Rare Earth Tumbles 10%, MP Materials Falls 6%

    Critical Metals fell 11% to $7.11 as new shares from its all-stock European Lithium acquisition are due to start trading on Nasdaq around November 6, with each European Lithium share converting into 0.045 of a Critical Metals share. The pre-revenue company expects full ownership of the Tanbreez rare earth project in Greenland and holds the Wolfsberg lithium project in Austria, but posted a net loss of $120.38 million for the six months to December 31, 2025 and has a going-concern warning. USA Rare Earth fell 10% to $9.52 and MP Materials dropped 6% to $39.21, with MP's Q2 2026 revenue up 89% to $108.49 million while USA Rare Earth posted Q2 2026 revenue of $5.82 million and a gross loss of $1.58 million. The article links the declines to a risk-off day in which the Invesco QQQ Trust fell 4% after big tech earnings, which hit volatile small and mid-cap stocks hardest. Both rare earth names have earnings reports coming up.

    Yahoo Finance·rare earthsminingNasdaq
  • Binance hack: Investigators in a 'cat and mouse game' to recover $6.3 billion in stolen funds

    Crypto firms and law enforcement are racing to recover more than $6 billion in cryptocurrency stolen from Binance, which says its Secure Asset Fund for Users will cover losses. TRM Labs and Chainalysis have attributed the hack to the North Korea-linked group TraderTraitor, and stablecoin issuers such as Circle and Tether have frozen around $3 billion so far. The hackers reportedly sold USDT and borrowed ether against it, since ether is harder to freeze, and moved funds back and forth between wallets and to Tron addresses to obscure their trail. Investigators also see growing use of professional money laundering networks linked to China, which buy crypto off-chain and return it as stablecoins or fiat, making recovery harder the further funds travel. Chainalysis says it now has automated tools to track the funds, and TRM Labs says its tracing is improving.

    CNBC·▼ BNB/USDTcryptoBinancestablecoins

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.