EconomyTech sell-off drives US markets down nearly $1tn after disappointing earnings

A technology-stock sell-off, deepened by disappointing results from leading companies, cut nearly $1tn from Nasdaq’s value in a week and about $2tn in a month. The S&P 500 fell more than 1% on Friday and the Nasdaq Composite dropped over 3%. Investors questioned whether heavy AI spending would generate returns quickly enough, while shares in Intel, Amazon and Alphabet fell.

US marketstechnology stocksartificial intelligencecorporate earnings

TThe Guardian★★★☆☆2026-10-30 18:27Original