The US stock market fell for a second consecutive day on October 30, 2026, with the Nasdaq down more than 2% in morning trading as Intel and other semiconductor shares slid following a round of earnings reports.

Key Takeaways

  • The Nasdaq was down 2.14% at 10:58 a.m. ET, a larger percentage decline than the S&P 500 or Dow Jones.
  • Intel fell 27.75% after issuing a fourth-quarter outlook below analyst estimates.
  • Amazon also declined after reporting lower net income and a 12-month free cash outflow.

US stock market declines in morning trading

At 10:58 a.m. ET on Friday, the Nasdaq stood at 25,623.29, down 561.44 points. The S&P 500 fell 99.33 points to 7,621.06, while the Dow Jones lost 229.06 points to 52,113.50.

All three indexes had also closed lower on Thursday, when the Nasdaq fell 1.6%. Friday’s declines followed results from Intel and Amazon released after Thursday’s close. The timing of the earnings releases alone does not establish what caused the broader market move.

ItemDetails
Nasdaq25,623.29; down 2.14% at 10:58 a.m. ET
S&P 5007,621.06; down 1.29% at 10:58 a.m. ET
Dow Jones52,113.50; down 0.44% at 10:58 a.m. ET

Intel outlook and chip-stock losses

Intel traded at $66.52 at 10:58 a.m. ET, down $25.55, or 27.75%. Earlier in the session, it fell below $65. AMD was down 9%, while Nvidia lost more than 3%; the iShares Semiconductor ETF fell 7%.

In Intel’s third-quarter results and outlook, the company reported $16.5 billion in revenue and forecast fourth-quarter revenue of $15 billion to $16 billion and GAAP earnings of $0.10 per share. The forecast was below the average estimates tracked by Visible Alpha. Intel Chief Financial Officer David Zinsner said the PC slowdown would continue at least through the first half of 2027.

Amazon and other markets

Amazon shares traded at $239.31, down 1.84%. The company reported third-quarter sales of $201.9 billion, up 12% from a year earlier, while net income fell to $20.7 billion. Amazon said its $42.4 billion free cash outflow over the trailing 12 months was driven primarily by increased property and equipment spending, largely reflecting AI investment.

Elsewhere, bitcoin traded around $76,600, down from a high near $82,000 on Thursday. WTI crude was above $104 a barrel, up about 2%, and the 10-year Treasury yield stood at 4.94%.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.