US stocks fell again on Friday as traders dropped AI-related trades over spending worries; the Dow lost 1.09%, the S&P 500 1.82%, and the Nasdaq Composite 2.86%, its worst session since June. Amazon fell after reporting negative free cash flow of $42.4 billion over the past 12 months and signaling further AI spending increases. Intel plunged 29%, its worst day since the 1970s, after weaker-than-expected guidance, despite third-quarter revenue rising 21% to $16.5 billion. Its fourth-quarter revenue outlook of $15 billion to $16 billion disappointed investors, while data center and AI revenue rose 78%. Analyst Mark Vena said investors are losing patience with AI spending lacking clear financial milestones and expects a more selective AI trade.
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NasdaqS&P 500artificial intelligenceIntelsemiconductors
Open a keyword to see other news on the same topic.
Related tickers and likely impact
NVDA
▼ Likely negativeNvidia
Relevance: high
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/30/2026 | 204.81 |
| Change that session | -4.14% |
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: high
| 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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