Nasdaq Composite falls 2.2% just after October 30 open as tech selloff extends

The Nasdaq Composite fell 2.2% just after the opening bell Friday, Oct. 30, 2026, extending a tech selloff that had hit futures before U.S. trading began. The S&P 500 was down 1.2%, while the Dow Jones Industrial Average slipped 0.3% at that point, CNBC reported. These were intraday moves, not closing results.

Amazon shares were down 5% and Intel shares 26% in CNBC's Friday trading snapshot. The companies' earnings gave investors different reasons for concern. Business Insider's Jennifer Sor reported that Amazon's third-quarter earnings per share and revenue missed expectations. Intel beat expectations on both measures but issued weak fourth-quarter guidance, forecasting a slowdown in the PC market into at least the first half of 2027.

Amazon maintained its 2026 capital-spending forecast at $220 billion and posted negative free cash flow of $42.4 billion, CNBC reported. CNBC described investors as nervous about whether tech giants' heavy AI spending would pay off. The selloff followed a difficult Thursday for Alphabet: Its shares posted their worst day on record after a third-quarter earnings and revenue miss, according to CNBC.