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

https://mins.news/en/item/122960

- The Guardian, 2026-10-30 18:27 UTC
- Economy
- Original: https://www.theguardian.com/technology/2026/oct/30/tech-stocks-drop-earnings-report

> 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.

## Stories

- [Global Markets AI Anxiety and Oil Shock](https://mins.news/en/topic/global-markets-and-ai-oil-shock) — Markdown: https://mins.news/en/topic/global-markets-and-ai-oil-shock.md

## Related coverage

- [Tech sell-off deepens, pushing Wall Street toward its worst day since June](https://mins.news/en/item/123007) — CBC News, 2026-10-30
- [US tech stocks plunge on concerns over AI costs](https://mins.news/en/item/122703) — BBC News, 2026-10-30
- [Nasdaq 100 falls as AI trade shows new cracks](https://mins.news/en/video/121071) — Bloomberg Television, 2026-10-29