U.S. stocks fell on Friday, October 30, 2026, with the Nasdaq losing more than 2% as investors moved away from technology shares following earnings reports from Amazon and Intel, according to Yahoo Finance. The S&P 500 and the Dow also declined, Yahoo Finance reported, with the two companies leading the tech sector lower.
Coverage of the session varied in its emphasis. CNBC described the Nasdaq's drop as part of a rotation out of tech after the Amazon and Intel results. The New York Times reported that tech stocks tumbled while the broader market was holding on. CNN framed the selling as a continuation of a Wall Street sell-off in which investors are questioning the returns on heavy spending on artificial intelligence.
Separately, Yahoo Finance reported that crypto markets were rattled during the session amid a $6.3 billion Binance hack, an event it covered alongside the tech-led stock decline.
The reports available do not specify the size of the declines for the S&P 500 and the Dow, or detail what in the Amazon and Intel results drove the reaction.
What to watch next: whether the pullback in tech extends into the coming sessions, and how investors weigh AI spending against returns as more earnings arrive.