The Nasdaq 100 fell 2.8% as of 11:17 a.m. New York time on October 30, 2026, as technology shares sold off and investors assessed corporate earnings and spending on artificial intelligence.

Key Takeaways

  • Intel shares fell 28% after its outlook missed estimates, while Amazon shares also declined.
  • Bitcoin and gold fell in the same market snapshot, while US crude oil rose.

Nasdaq 100 leads US stock declines

The S&P 500 fell 1.4%, while the Dow Jones Industrial Average slipped 0.6%. Consumer staples and utilities rose, showing that the selling was not uniform across the stock market.

Investors were scrutinizing whether large investments in AI would generate sufficient returns. The declines followed a batch of technology results, although the market moves alone do not establish a single cause.

ItemDetails
BitcoinDown 1.2% to $77,845.06
EtherDown 0.2% to $2,253.11
West Texas Intermediate crudeUp 2.2% to $104.29 a barrel
Spot goldDown 2.8% to $3,910.19 an ounce
US 10-year Treasury yieldUp one basis point to 4.95%

Intel outlook and wider markets

Intel’s fourth-quarter outlook missed estimates, and Amazon shares dropped amid greater capital spending. In its third-quarter results and outlook, Intel reported $16.5 billion in revenue, up 21% from a year earlier, and forecast fourth-quarter revenue of $15 billion to $16 billion. The forecast was guidance, not a completed result.

Beyond equities, Bitcoin traded at $77,845.06 after Binance revealed a hack. Oil rose as traders weighed concerns about potential renewed US strikes against Iran. These were simultaneous developments, not proof of what drove each price move.

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