{"id":85130,"date":"2026-10-30T16:11:41","date_gmt":"2026-10-30T05:11:41","guid":{"rendered":"https:\/\/www.icmarkets.com.au\/blog\/?p=85130"},"modified":"2026-10-30T16:11:43","modified_gmt":"2026-10-30T05:11:43","slug":"friday-30th-oct-2026-u-s-stock-futures-slide-as-amazon-and-intel-plunge-on-earnings-concerns","status":"publish","type":"post","link":"https:\/\/www.icmarkets.com.au\/blog\/friday-30th-oct-2026-u-s-stock-futures-slide-as-amazon-and-intel-plunge-on-earnings-concerns\/","title":{"rendered":"Friday 30th Oct 2026: U.S. Stock Futures Slide as Amazon and Intel Plunge on Earnings Concerns"},"content":{"rendered":"\n

Global Markets:<\/strong><\/h3>\n\n\n\n

\u25cf         Asian Stock Markets : Nikkei down 2.62%, Shanghai Composite down 0.30% Hang Seng up 1.57% ASX up 0.31%<\/p>\n\n\n\n

\u25cf        Commodities : Gold at $4,000.05 (-0.78%) Silver at $51.260 (-2.13%), Brent Oil at 112.13 (1.20%), WTI Oil at 103.24 (1.22%)<\/p>\n\n\n\n

\u25cf        Rates : US 10-year yield at 4.919, UK 10-year yield at 5.3005, Germany 10-year yield at 3.3557<\/p>\n\n\n\n

News & Data:<\/strong><\/h3>\n\n\n\n

\u25cf        (USD) Advance GDP Price Index q\/q  2.3% to 3.2%  expected<\/p>\n\n\n\n

\u25cf        (EUR) Main Refinancing Rate   2.65% to 2.65%  expected<\/p>\n\n\n\n

Markets Update:<\/strong><\/h3>\n\n\n\n

U.S. stock futures fell early Friday as Amazon and Intel shares slumped following their latest quarterly results, intensifying concerns about artificial intelligence (AI) spending and growth prospects.<\/p>\n\n\n\n

Nasdaq-100 futures dropped 2.1%, while S&P 500 futures declined 1%. Dow futures lost 104 points.<\/p>\n\n\n\n

Asian markets were broadly lower. Japan\u2019s Nikkei 225 fell 2.63%, while South Korea\u2019s Kospi dropped 4.74%. Hong Kong\u2019s Hang Seng Index gained 1.64%, and Australia\u2019s S&P\/ASX 200 edged up 0.29%.<\/p>\n\n\n\n

Amazon shares tumbled 6% in extended trading after its third-quarter earnings and revenue missed expectations. The company reported negative free cash flow of $42.4 billion and maintained its 2026 capital expenditure forecast at $220 billion.<\/p>\n\n\n\n

Intel plunged 21% after issuing a weak current-quarter outlook, citing a slowdown in personal computers. Revenue from its client computing and physical AI group declined 5% year over year to $8.1 billion. Sandisk fell 3% despite beating quarterly estimates and announcing an eight-for-one stock split.<\/p>\n\n\n\n

The declines followed Alphabet\u2019s 12% drop Thursday after disappointing quarterly results and negative free cash flow of $9.07 billion. The Nasdaq Composite fell 1.4%, while the S&P 500 lost 0.3%.<\/p>\n\n\n\n

Investors remain concerned about AI infrastructure spending, elevated debt among specialized cloud providers, and the sustainability of technology valuations. CoreWeave shares have plunged 30% this month, while Nebius has declined 27%.<\/p>\n\n\n\n

For October, the Nasdaq Composite is heading toward a 2.5% loss, while the S&P 500 and Dow are on track to gain 0.9% and 2.8%, respectively.<\/p>\n\n\n\n

 Upcoming Events:<\/strong><\/p>\n\n\n\n

\u25cf       12:30 PM    GMT   –   USD  Employment Cost Index q\/q<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

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