BLOOMBERG · 2026-10-30 00:46 UTC

Tech Stocks Sell Off on Earnings, Bitcoin Drops: Markets Wrap

Tech stocks fell for a second day on disappointing earnings from Amazon (down 7.3%), Intel (down 23%), and Alphabet, with Nasdaq 100 futures sliding 2%. Bitcoin dropped 2% to $77,200 after a suspected Binance hack froze $2.5 billion in assets. Investors rotated out of AI trade amid concerns that higher funding costs could force hyperscalers to slow spending, though broader market held up with 400+ S&P 500 members advancing.

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