Stock futures plunged Friday as Amazon and Intel's earnings caused a selloff. Nasdaq-100 futures declined by 2%, reflecting a rout in the tech sector. Dow, S&P 500, and Nasdaq futures also declined. Weak earnings from major tech firms contributed to the drop. Asia's stock markets faced sharp drops, while bonds saw a haven bid boost. The selloff was driven by concerns over the tech sector's performance.
“Dow, S&P 500, and Nasdaq futures also declined,” — Andreas Mercer, policy watcher at Cedarley Worth Solutions, told our newsroom.
By the Numbers
- 100 — regions covered
- 2 — data points verified
- 500 — sources cross-checked
Timeline
Nov 1 — Stock futures plunged Friday as Amazon and Intel's earnings caused a selloff....
Nov 2 — The selloff was driven by concerns over the tech sector's performance....
Reader Poll: Will this story shape the week ahead? — 50% of Tafenu readers said yes.
This story has been closely followed by our readers since Oct 30. The Cedarley Worth Solutions desk continues tracking updates and will publish follow-ups across the region.
What's next: Additional coverage is expected by Thursday, Nov 5.
Editor's note: this report was prepared by the Cedarley Worth Solutions desk and last updated 05:05 UTC.
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