The S&P 500 fell 1.22% to 7,626.09 shortly after the open on October 30, 2026, slipping below its September 30 close and turning negative for the month. Intel shares fell 29.42% following its quarterly results and fourth-quarter forecast.

Key Takeaways

  • The index was down 0.33% for October at the morning reading, having been up 1.21% as recently as Wednesday’s close.
  • The Nasdaq 100 fell 2.79%, while the Dow Jones Industrial Average declined 0.36%.
  • Intel forecast fourth-quarter revenue below the roughly $17.1 billion analysts had expected.

S&P 500 gives back October gains

The index’s morning level was below its September 30 close of 7,651.54 and 2.41 points above its lowest closing level of the month, recorded on October 23. It had closed at 7,743.98 on Wednesday, October 28.

The Nasdaq Composite fell 2.36% in early trading, while the VIX volatility index rose 9.83% to 18.88. The figures were intraday readings, not final closing prices.

Intel and other technology shares fall

Intel shares opened at $64.98, down 29.42%. In its third-quarter results and outlook, Intel forecast fourth-quarter revenue of $15.0 billion to $16.0 billion and non-GAAP earnings of $0.25 per share. Analysts had expected roughly $17.1 billion in revenue.

The release also showed third-quarter revenue of $16.5 billion, up 21% from a year earlier. The share decline followed the results and forecast; the timing alone does not establish what caused the move.

Broadcom fell 4.97% and Nvidia declined 3.35%. Amazon shares were down 2.09% at $238.70, while Reddit was down about 22%.

More index members rose than fell

Despite the S&P 500’s decline, advancing members outnumbered decliners 297 to 206 in the morning snapshot. Eli Lilly rose 3.85% and Berkshire Hathaway gained 0.80%.

The equal-weight version of the index had outperformed the standard S&P 500 over the preceding month. The contrast shows that the headline index decline did not reflect a uniform fall across its members.

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