The S&P 500 fell 2%, the Nasdaq 100 dropped 3.5% and the Dow eased 1.1% on Friday as investors pulled out of tech and AI after third-quarter results missed expectations and heavy AI capex plans weighed on cash flows; the Nasdaq 100 was down about 6.5% for the month. Intel (INTC) plunged the most in over forty years after weak quarterly results and a soft outlook, while Roblox (RBLX) fell about 20% after weaker user engagement and a disappointing fourth-quarter bookings outlook. Semiconductor ETFs, including SMH, dropped between 6.5% and 8%, while Amazon (AMZN) arranged up to $80 billion in supplier financing and Eli Lilly (LLY) and AbbVie (ABBV) hit record highs after raising their 2026 outlooks. Bank of America guided investors toward mega-cap tech corporate bonds over equities and said a potential Tesla–SpaceX merger could face its biggest regulatory challenge in China. Investor attention now turns to the mid-term elections due next week.
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S&P 500Nasdaqtech stocksAMZNsemiconductors
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 10/30/2026 | 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 | 755.71 |
| Change that session | -1.77% |
AMZN
▼ Likely negativeAmazon
Relevance: low
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/30/2026 | 240.47 |
| Change that session | -1.36% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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