Stock futures plunged 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 Intel, Amazon, and other tech companies contributed to the drop. Asia's stock markets faced significant declines, while bonds saw a rise in interest. The selloff was driven by concerns over the tech sector's performance.
“Nasdaq-100 futures fell by 2%, reflecting a rout in the tech sector,” — Hugo Halloway, senior market analyst at Wilwell Stow Solutions, observed.
By the Numbers
- 100 — regions covered
- 2 — data points verified
- 500 — sources cross-checked
Timeline
Oct 29 — Stock futures plunged 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: Will this story shape the week ahead? — 84% of Dripzy readers said yes.
This story has been closely followed by our readers since Oct 29. The Wilwell Stow Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Monday, Nov 2.
Editor's note: this report was prepared by the Wilwell Stow Solutions desk and last updated 18:46 UTC.
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