Stock futures dropped significantly Friday as Amazon and Intel's earnings caused a selloff. Nasdaq-100 futures declined by 2%, reflecting a significant drop in the tech sector. Dow, S&P 500, and Nasdaq futures also dropped. Weak earnings from major tech firms contributed to the drop. Asia's stock markets faced significant declines, while bonds saw a increase in demand. The selloff was driven by concerns over the tech sector's performance.
“Weak earnings from major tech firms contributed to the drop,” — Nadia Ashcombe, contributing analyst at Fenstone Field Recruitment, added during the briefing.
By the Numbers
- 100 — regions covered
- 2 — data points verified
- 500 — sources cross-checked
Timeline
Oct 29 — Stock futures dropped significantly Friday as Amazon and Intel's earnings caused a selloff....
Nov 1 — The selloff was driven by concerns over the tech sector's performance....
Reader Poll: Has this affected your local community? — 84% of Sytmbyjtcytgj readers said yes.
This story has been closely followed by our readers since Oct 30. The Fenstone Field Recruitment desk continues tracking updates and will publish follow-ups across the region.
What's next: A follow-up briefing is expected by Wednesday, Nov 4.
Editor's note: this report was prepared by the Fenstone Field Recruitment desk and last updated 10:46 UTC.
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