Why it matters
- The Nasdaq Composite fell 747.72 points, or 2.86%, to 25,437.00 on Friday, Oct. 30, and the S&P 500 lost 1.82%, Yahoo Finance data showed, as Intel sank 28.58% after its forecast. For the week, the Nasdaq fell 2.00% and the S&P 500 0.57%.
- December Brent rose $2.76 to settle at $117.64 a barrel on its expiry day and WTI rose $2.12 to $104.12, Reuters reported, as a tanker attack in the Strait of Hormuz raised supply fears. Exxon and Chevron gained after their results.
- The 10-year Treasury yield fell to 4.94% from 4.98%, Treasury data showed, down from 5.00% a week earlier. Brazil's Ibovespa fell 18.12% for the week.
Session recap: what happened in this region's trading day, with sources.
U.S. stocks fell on Friday, Oct. 30, as a slide in chipmakers led by Intel dragged down technology shares. The Nasdaq Composite fell 747.72 points, or 2.86%, to 25,437.00, the S&P 500 lost 140.32 points, or 1.82%, to 7,580.07 and the Dow Jones Industrial Average dropped 572.25 points, or 1.09%, to 51,770.31, according to Yahoo Finance data. All three ended the week lower.
| Index | Friday close | Change vs. Thursday, Oct. 29 | Week vs. Friday, Oct. 23 |
|---|---|---|---|
| S&P 500 | 7,580.07 | −140.32 (−1.82%) | −43.61 (−0.57%) |
| Dow Jones Industrial Average | 51,770.31 | −572.25 (−1.09%) | −444.85 (−0.85%) |
| Nasdaq Composite | 25,437.00 | −747.72 (−2.86%) | −518.34 (−2.00%) |
| Russell 2000 | 2,811.84 | −47.38 (−1.66%) | +35.94 (+1.29%) |
| Cboe Volatility Index (VIX) | 19.42 | +2.22 (+12.91%) | −0.03 (−0.15%) |
| S&P/TSX Composite (Canada) | 35,620.03 | −628.97 (−1.74%) | −168.17 (−0.47%) |
| Ibovespa (Brazil) | 167,921.80 | −1,264.20 (−0.75%) | −37,161.20 (−18.12%) |
Source: Yahoo Finance daily chart data.
Why did the Nasdaq fall today?
The Nasdaq fell because chip stocks sold off after Intel's weak forecast, adding to worries about the payoff from heavy AI spending. Investing.com said investors were uneasy about uncertain returns on AI infrastructure and about funding it with debt and equity. The Philadelphia Semiconductor Index fell 7.20% to 10,688.80, Yahoo Finance data showed.
The Nasdaq fell more than 5% in October, its worst month since March 2025, Investing.com said. The S&P 500 lost 0.9% for the month and the Dow gained 1.7%, it said.
Earlier, the Chicago Business Barometer fell 3.5 points to 55.3 in October, below expectations of 56.1, Trading Economics said. This morning's day-ahead guide covers the employment cost index.
Which stocks moved the most?
| Stock | Friday close | Change |
|---|---|---|
| Regeneron | $927.89 | +13.33% |
| Global Payments | $96.84 | +12.97% |
| T-Mobile US | $156.44 | +6.21% |
| ExxonMobil | $187.25 | +2.16% |
| Chevron | $235.52 | +1.75% |
| AbbVie | $294.89 | +1.41% |
| Amazon | $240.35 | −1.41% |
| Nvidia | $204.64 | −4.22% |
| AMD | $504.80 | −10.88% |
| Qualcomm | $164.79 | −11.12% |
| Sandisk | $1,150.89 | −13.47% |
| Intel | $65.76 | −28.58% |
| $91.73 | −29.22% |
Source: Yahoo Finance chart data.
Intel sank 28.58% to $65.76 from $92.07. It forecast fourth-quarter revenue of $15 billion to $16 billion, below the $17.08 billion analysts expected, and adjusted earnings of 25 cents a share against a 44-cent consensus, Investing.com said. Investing.com also reported a downgrade from BofA over foundry and PC concerns. Reddit fell 29.22% after a downgrade from Citizens over user growth, Investing.com said.
Amazon fell 1.41% to $240.35. It missed quarterly estimates and its negative free cash flow grew as AI spending rose, though AWS posted its fastest revenue growth in five years, Investing.com said.
Regeneron rose 13.33% after third-quarter revenue grew 36% to $5.1 billion and non-GAAP earnings rose 70% to $20.07 a share, its release showed, above the $13.76 consensus on Nasdaq's calendar.
How did Exxon and Chevron do?
Both beat estimates and rose with oil. ExxonMobil earned $15.4 billion, or $3.72 a share, and $4.23 a share adjusted, its release said, above the $3.90 consensus listed by Nasdaq. It announced $20 billion of share repurchases for 2027. Chevron earned $9.9 billion, or $5.06 a share, and $5.28 adjusted, against a $4.78 consensus, its release said. AbbVie raised its 2026 adjusted earnings guidance to $13.95 to $13.99 a share and announced a 5.2% dividend increase for 2027, its release said.
What happened to oil, yields and gold?
December Brent rose $2.76, or 2.4%, to settle at $117.64 a barrel on the day the contract expired, and WTI rose $2.12, or 2.08%, to $104.12, Reuters reported. A tanker in the Strait of Hormuz was hit by explosive devices, and traders braced for a possible escalation in the Iran war, Reuters said. Brent rose 13.6% in October and WTI 15.2%, it said. For the week, December Brent was up from $116.72 and WTI from $103.27 on Oct. 23, Yahoo Finance data showed.
The 10-year Treasury yield fell to 4.94% from 4.98%, and the 2-year to 4.56% from 4.61%, Treasury data showed. Gold futures fell 3.68% to $3,883.10 an ounce, Yahoo Finance data showed.
How did Canada and Brazil trade?
Canada's S&P/TSX Composite fell 1.74%. Banks and gold miners dropped and Cameco sank 11% after a third-quarter loss, Trading Economics said. Brazil's Ibovespa fell 0.75% to a more than three-month low, Trading Economics said, citing fiscal uncertainty and Vale's weak results. It said President Lula's reelection continued to weigh on sentiment.
See the Europe Friday recap, the Asia Friday recap and Thursday's U.S. session recap. The markets page tracks the latest numbers.
Follow the rest of the trading day on our global market today page, with the latest Asia, Europe and Americas session recaps.
Sources
- Investing.com, Nasdaq slides over 5% for worst month since March 2025 as AI trade suffers (Oct. 30, 2026)
- Investing.com, Intel plummets over 28% as weak forecast overshadows earnings beat (Oct. 30, 2026)
- Investing.com, Intel, Reddit among market cap stock movers on Friday (Oct. 30, 2026)
- Reuters via Investing.com, Oil jumps 2%, settles at 6-month highs on fears of escalation in Iran (Oct. 30, 2026)
- Reuters via The Korea Times, Oil jumps 2%, settles at 6-month highs on fears of escalation in Iran (Oct. 31, 2026, Korea time)
- ExxonMobil, third-quarter 2026 results (SEC filing)
- Chevron, third-quarter 2026 results (SEC filing)
- AbbVie, third-quarter 2026 results (SEC filing)
- Regeneron, third-quarter 2026 results (SEC filing)
- Nasdaq, earnings calendar for Oct. 30, 2026
- Trading Economics, Chicago PMI, Canada stock market and Brazil stock market
- U.S. Treasury, Daily Treasury par yield curve rates, 2026
- Yahoo Finance, daily chart data for the S&P 500, Dow, Nasdaq Composite, Russell 2000, VIX, S&P/TSX Composite, Ibovespa, PHLX Semiconductor Index, Brent December, WTI December, gold futures, Intel, Amazon, ExxonMobil, Chevron, AbbVie, Regeneron, Global Payments, T-Mobile US, Nvidia, AMD, Qualcomm, Sandisk and Reddit