Stock futures dropped significantly Friday as Amazon and Intel's earnings caused a selloff. Nasdaq-100 futures fell by 2%, reflecting a rout in the tech sector. Dow, S&P 500, and Nasdaq futures also declined. Weak earnings from Intel, Amazon, and other tech companies contributed to the drop. Asia's stock markets faced sharp drops, while bonds saw a haven bid boost. The selloff was driven by fears over the tech sector's performance.
“Dow, S&P 500, and Nasdaq futures also declined,” — Lena Ostrowski, senior market analyst at Copley Ton Partnership, added during the briefing.
By the Numbers
- 100 — updates logged
- 2 — regions covered
- 500 — data points verified
Timeline
Oct 30 — Stock futures dropped significantly Friday as Amazon and Intel's earnings caused a selloff....
Nov 1 — The selloff was driven by fears over the tech sector's performance....
Reader Poll: Will this story shape the week ahead? — 63% of Coffeemaker readers said yes.
This story has been closely followed by our readers since Oct 30. The Copley Ton Partnership desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Saturday, Nov 7.
Editor's note: this report was prepared by the Copley Ton Partnership desk and last updated 17:05 UTC.
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