Tech stocks plunged Friday morning, putting the Nasdaq 100 index on course for a more than $1 trillion drop when the opening bell rings at 9:30 am ET in New York.
Leading the declines were shares of Amazon, which fell 7%, and Intel, which plunged 26%. Both companies reported quarterly earnings this week that failed to reassure investors and analysts.
Gold’s spot price — or its current trading value — today as of 9:00 a.m. ET is $3,953.52 per ounce, according to CNBC’s Gold/ US Dollar Spot Price. That’s slightly lower than Thursday’s price, when it traded at $4,020.64 per ounce at the same time.
» Read more about: The price of gold today, Oct. 30, 2026 — and the best places to buy »
The Social Security Administration is sending millions of payments today, two days ahead of the regular schedule.
Supplementary Security Income (SSI) payments are hitting account today (Friday, Oct. 30). The change comes due to the regular payment date, Nov. 1, falling on a Sunday. SSI payment dates change when the regular schedule falls on a weekend.
The “Single Greatest Predictor of Future Stock Market Returns” has never been more bearish.
I’m referring to the average U.S. household’s portfolio allocation to stocks.
Over the past few years, the S&P 500 has been doing something that investors appreciate. It’s roared higher, and this year continues to extend the bull market. In fact, since the start of 2023, the major index has delivered a gain of 100%. This is as investors have jumped at the chance to get in on the latest big thing in technology: artificial intelligence (AI).
The federal government has released most of the major economic data left to be unveiled ahead of the Nov. 3 midterm elections, meaning voters already have all of the official economic numbers before they head to the polls.
But other indicators show that the economy ranks as a top concern among Americans,
» Read more about: What to know about the US economy as midterm elections near »
‘Big Money in the Morning’ details a massive sell-off in big tech stocks as disappointing earnings and negative free cash flow from Amazon, Intel, and Alphabet spark investor worries over massive artificial intelligence spending.
Disappointing earnings from giants like Intel, Amazon, and Alphabet trigger a massive sell-off in big tech stocks.
» Read more about: Big Tech stocks plunge as AI spending concerns rattle investors »
This article first appeared on GuruFocus.
DFAT drove the day’s ETF activity in HF Sinclair (DINO), accounting for the bulk of a net $22.9 million in selling on Wednesday, Oct. 28. More funds traded the other way,
» Read more about: ETFs Are Net Sellers of HF Sinclair (DINO) on Oct. 28 »
US stock futures fell sharply on Friday, October 30, as disappointing earnings and outlooks from technology heavyweights Amazon and Intel weighed on investor sentiment, while concerns over Big Tech’s mounting artificial intelligence (AI) spending continued to put pressure on the technology sector.
Futures tied to the Nasdaq-100 dropped 2% in premarket trading,
» Read more about: US stock market today: Nasdaq-100 falls 2% as Amazon, Intel shares tumble »
Sir Patrick Stewart had no plans to slow down just three months before his death at age 86.
Stewart died on Wednesday, October 28, after a brief battle with Alzheimer’s Disease and Lewy Body Dementia.
However, in July, when asked about the possibility of retirement, Stewart said, “As any actor my age will tell you,
» Read more about: Patrick Stewart Denied Retirement Plans Just Months Before His Passing »