U.S. stocks fell on October 30 as technology shares led the decline. Around 15:20 UTC, the Nasdaq Composite was down 2.32%, the S&P 500 lost 1.45% and the Dow fell 0.63%, according to MarketSpeaker’s report.
Intel traded at $66.26, down 28.03%, at 15:21 UTC. The chipmaker’s earnings release forecast fourth-quarter revenue of $15 billion–$16 billion and adjusted earnings of $0.25 a share, leaving investors focused on a weaker outlook despite a stronger third quarter.
Intel reported quarterly revenue of $16.5 billion, up 21% from a year earlier, and adjusted earnings of $0.52 a share. Its finance chief said the PC slowdown could persist through at least the first half of 2027, contrasting with rapid growth in its data-center business.
Amazon was down 1.03% at the same 15:21 UTC snapshot, recovering some earlier losses. Its results showed a $42.4 billion free-cash-flow outflow over the trailing 12 months, driven primarily by AI investment. That annual cash-flow measure is separate from quarterly accounting profit.
The weakness was uneven: consumer-staples and healthcare ETFs gained about 1.3% and 1.1%, respectively, in MarketSpeaker’s nearby snapshots. Technology shares faced heavier selling while defensive sectors advanced. All quoted market moves are intraday readings, not closing prices or final October returns.
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