Stock futures plunged Friday as Amazon and Intel's earnings caused a selloff. Nasdaq-100 futures dropped 2%, reflecting a sharp decline in the tech sector. Dow, S&P 500, and Nasdaq futures also dropped. Weak earnings from major tech firms contributed to the drop. Asia's stock markets faced sharp drops, while bonds saw a increase in demand. The selloff was driven by fears over the tech sector's performance.
“Weak earnings from major tech firms contributed to the drop,” — Priya Delgado, research director at Greenwell Worth Services, told our newsroom.
By the Numbers
- 100 — data points verified
- 2 — sources cross-checked
- 500 — reports filed
Timeline
Oct 31 — Stock futures plunged Friday as Amazon and Intel's earnings caused a selloff....
Oct 31 — The selloff was driven by fears over the tech sector's performance....
Reader Poll: Has this affected your local community? — 55% of Faderoome readers said yes.
This story has been closely followed by our readers since Oct 30. The Greenwell Worth Services desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Friday, Nov 6.
Editor's note: this report was prepared by the Greenwell Worth Services desk and last updated 16:59 UTC.
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