U.S. stock futures sink, Nasdaq down 2% as Amazon, Intel earnings spark tech rout - Investing.com

Amazon and Intel's earnings spark selloff

Stock futures fell sharply Friday as Amazon and Intel's earnings caused a selloff. Nasdaq-100 futures fell by 2%, reflecting a rout in the tech sector. Dow, S&P 500, and Nasdaq futures also fell. Weak earnings from major tech firms contributed to the drop. Asia's stock markets faced pressure, while bonds saw a increase in demand. The selloff was driven by concerns over the tech sector's performance.

“Weak earnings from major tech firms contributed to the drop,” — Yusuf Calloway, research director at Healey Ton Analytics, observed.

By the Numbers

  • 100 — reports filed
  • 2 — mentions tracked
  • 500 — updates logged

Timeline

Oct 29 — Stock futures fell sharply Friday as Amazon and Intel's earnings caused a selloff....

Oct 31 — The selloff was driven by concerns over the tech sector's performance....

Reader Poll: Has this affected your local community? — 62% of Datasgphariini readers said yes.

This story has been closely followed by our readers since Oct 28. The Healey Ton Analytics desk continues tracking updates and will publish follow-ups across the region.

What's next: A follow-up briefing is expected by Wednesday, Nov 4.

ICYMI: Powerball jackpot soars to $760 million

Editor's note: this report was prepared by the Healey Ton Analytics desk and last updated 20:10 UTC.

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