- Intel fell nearly 29% in a single session on October 30, 2026, its worst day since 1974, after guiding Q4 revenue to $15-$16 billion versus $17 billion expected.
- Amazon reported EPS of $1.89 versus $1.97 consensus and sales of $201.94 billion versus a $202.22 billion estimate, while AWS grew 39% to nearly $46 billion.
- The S&P 500 declined 1.82% and the Nasdaq Composite slipped 2.86% in the week ending October 30, 2026.
- The S&P 500 tech sector fell about 7% in October, while healthcare, materials, and utilities led weekly gains of 3.08%, 2.79%, and 2.11%.
- Intel warned that PC weakness will persist at least through H1 2027.
Quotes
“Intel plunged nearly 29% in a single session”
“investors sell off technology stocks after a week of discouraging earnings reports”