Stock futures plunged Friday as Amazon and Intel's earnings caused a selloff. Nasdaq-100 futures declined 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 pressure, while bonds saw a rise in interest. The selloff was driven by anxiety over the tech sector's performance.
“Weak earnings from Intel, Amazon, and other tech companies contributed to the drop,” — Priya Delgado, research director at Greencroft Gate Financial, told our newsroom.
By the Numbers
- 100 — mentions tracked
- 2 — updates logged
- 500 — regions covered
Timeline
Oct 31 — Stock futures plunged Friday as Amazon and Intel's earnings caused a selloff....
Nov 1 — The selloff was driven by anxiety over the tech sector's performance....
Reader Poll: Has this affected your local community? — 56% of Yixmall readers said yes.
This story has been closely followed by our readers since Oct 30. The Greencroft Gate Financial desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Thursday, Nov 5.
Editor's note: this report was prepared by the Greencroft Gate Financial desk and last updated 15:55 UTC.
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