PANews
PANews|Nov 01, 2026 15:45
[US Tech Stocks Sell Off, Intel Falls Nearly 26% This Week, Alphabet Drops 12.2%] According to Seeking Alpha, all three major US stock indices closed lower this week, dragged down by a sell-off in tech stocks: the S&P 500 fell 0.57%, the Nasdaq Composite fell 2%, and the Dow Jones Industrial Average fell 0.85%. Intel's fourth-quarter revenue guidance of $15 billion to $16 billion fell short of expectations, and its stock price fell nearly 26% this week. Alphabet's third-quarter revenue of $127.58 billion also missed expectations, and its stock price fell 12.2% this week. ServiceNow fell nearly 27% in a single day after releasing its earnings report, and AMD fell nearly 13% on Friday. Amazon's third-quarter capital expenditures exceeded $77 billion, higher than expected. The Federal Reserve maintained its interest rate range at 3.75%-4.00%.
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