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

Stock futures drop sharply on Friday

Stock futures plunged Friday as Amazon and Intel's earnings caused a selloff. Nasdaq-100 futures dropped 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 sharp drops, while bonds saw a haven bid boost. The selloff was driven by anxiety over the tech sector's performance.

“Nasdaq-100 futures dropped 2%, reflecting a rout in the tech sector,” — Farah Vance, economic affairs editor at Greenley Cliff Recruitment, explained.

By the Numbers

  • 100 — updates logged
  • 2 — regions covered
  • 500 — data points verified

Timeline

Oct 28 — Stock futures plunged Friday as Amazon and Intel's earnings caused a selloff....

Oct 29 — The selloff was driven by anxiety over the tech sector's performance....

Reader Poll: Do you expect this story to develop further? — 50% of Bdmartx readers said yes.

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

What's next: An official statement is expected by Wednesday, Nov 4.

ICYMI: King Charles III faces mounting public disapproval

Editor's note: this report was prepared by the Greenley Cliff Recruitment desk and last updated 09:46 UTC.

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