US Pre-Market 30 October 2026: Nasdaq Futures -2.63% as Intel Falls 24.51%; Amazon -7.32%
Sentiment: bearish S&P 500 futures: -1.13%
Nasdaq 100 futures are -2.63% and S&P 500 futures -1.13% at 8:31am ET on 30 October 2026 after Amazon and Intel results renewed concern over the cost of the AI buildout. INTC.US is -24.51% pre-market after a fourth-quarter revenue guide of $15.0 billion to $16.0 billion and a warning on cash burn, and AMZN.US is -7.32% after third-quarter capital spending of $77.3 billion and a trailing free cash outflow of $42.4 billion. Third-quarter employment costs rose 0.8% at 8:30am, matching the consensus.
Overnight drivers
- Intel: third-quarter revenue of $16.5 billion and adjusted EPS of $0.52 against $0.40 expected, but a fourth-quarter guide of $15.0 billion to $16.0 billion and EPS of $0.25, per The Current Logic. Reuters reported Intel warned it would burn cash this year on weak PC demand, manufacturing bottlenecks and spending to expand production. Client Computing and Physical AI revenue fell 5% to $8.1 billion, per Stocktwits.
- Amazon: third-quarter revenue and EPS missed estimates, per CNBC. Capital spending was $77.3 billion against $35.1 billion a year earlier, and the 2026 forecast stays at $220 billion; Reuters reported Amazon signalled another increase next year. AWS revenue rose 39% to $46.0 billion.
- Chips: SOXX.US -6.70% pre-market. AMD.US -9.43%, ARM.US -9.42%, MU.US -6.33%, AVGO.US -4.28% and NVDA.US -2.86%. ASML.US is -5.17%; Stocktwits reported Bloomberg's account of Nvidia talks to guarantee credit for an Nscale data center that Anthropic plans to use.
- Crypto: hackers took $6.3 billion from Binance in a theft analysts attributed to North Korea, per Reuters, and Binance paused withdrawals. Bitcoin is -3.30% at $77,307; COIN.US -6.36%, MSTR.US -7.24%, HOOD.US -6.51%.
- Oil: December WTI +2.07% to $104.11 after Yemen's Houthis stepped up attacks on Saudi Arabia, per Stocktwits. Gold futures are -1.48% at $3,971.80 and DXY -0.35% at 101.68.
- Rates: the 10-year Treasury yield closed Thursday at 4.99%. Reuters cited LSEG data pricing more than 50 bps of Fed hikes by mid-2027 after this week's hold at 3.75% to 4.00%.
8:30am data
Compensation costs for civilian workers rose 0.8% in the third quarter of 2026, seasonally adjusted, per the BLS release at 8:30am ET on 30 October 2026. Economists had expected 0.8%, down from 0.9% in the second quarter, per LSE.co.uk.
- 0.7%: wages and salaries growth in the quarter, with benefit costs up 0.9%.
- 3.4%: compensation growth over 12 months, not seasonally adjusted.
- 3.1%: 12-month wage growth, against 3.9% for benefits.
S&P 500 futures were -1.03% and Nasdaq 100 futures -2.41% at 7:14am, per Reuters; both extended losses into the 8:30am ECI print.
Thursday on Wall Street
The S&P 500 closed at 7,720.39 on 29 October 2026, down 0.30%, as GOOGL.US fell 12.64% on negative free cash flow.
- S&P 500: 7,720.39 (-0.30%)
- Nasdaq: 26,184.73 (-1.38%)
- Dow: 52,342.56 (-0.25%)
- Russell 2000: 2,859.22 (+1.01%)
- VIX: 17.20 (+1.71%)
NOW.US fell 26.95% and FTNT.US 20.09%, while LLY.US rose 6.63% on a raised 2026 revenue forecast and 349 of 499 large caps closed higher.
Overnight Asia and Europe
South Korea's KOSPI closed at 5,730.74 on 30 October 2026, down 3.48%, and the Nikkei 225 fell 2.12% to 63,290.11 as chip stocks followed Intel lower. The Current Logic reported SK hynix -8.3%, Samsung Electronics -5.9% and Tokyo Electron more than 5% lower.
- KOSPI: 5,730.74 (-3.48%)
- Nikkei 225: 63,290.11 (-2.12%)
- Shanghai Composite: 3,599.02 (-1.44%)
- Hang Seng: 23,294.42 (+1.46%)
- Euro STOXX 50: 6,133.76 (-1.18%)
- DAX: 25,801.35 (-0.92%)
- STOXX 600: 646.22 (-0.45%)
- CAC 40: 7,957.42 (-0.16%)
- FTSE 100: 10,729.31 (+0.07%)
Pre-market movers
| Ticker | Move | Reason |
|---|---|---|
| MDLZ.US | +6.88% | Q3 adjusted EPS $0.78 against $0.71; 2026 outlook reaffirmed |
| RIVN.US | +6.11% | Raised full-year delivery forecast on R2 demand |
| LLY.US | +2.83% | Extends Thursday's 6.63% gain on its raised revenue guide |
| MRK.US | +2.60% | Extends Thursday's 3.83% gain after raised guidance |
| XOM.US | +1.81% | Q3 adjusted EPS $4.23 beat; refining out-earned upstream |
| INTC.US | -24.51% | Q4 revenue guide $15.0 billion to $16.0 billion; cash burn warning |
| RDDT.US | -22.23% | CEO flagged a low double-digit Q4 drop in daily visitors |
| RBLX.US | -16.30% | Weaker Q4 bookings guide; higher AI and infrastructure spending |
| SYK.US | -10.28% | Q3 revenue and adjusted EPS below estimates |
| AMD.US | -9.43% | Intel's PC demand warning hit chip peers |
- INTC.US -24.51% puts the stock at $69.50, against Thursday's $92.07 close. Reuters estimated Intel and Amazon would lose about $300 billion of combined market value if the moves held.
- CVX.US +1.27% after adjusted EPS of $5.28 beat estimates and downstream earnings reached a six-year high, per Reuters. ABBV.US is -2.08% after AbbVie raised its 2026 adjusted EPS guide to $13.95 to $13.99 on revenue of $17.40 billion, up 10.3%.
- RDDT.US -22.23% after CEO Steve Huffman said daily active unique visitors could fall by a low double-digit percentage in the fourth quarter, per Reuters.
- GOOGL.US -1.09% extends Thursday's 12.64% drop, CNBC's count of its worst day on record.
US economic calendar today (ET)
- 8:30am: third-quarter Employment Cost Index, +0.8% (BLS), released.
- Before the open: XOM.US, CVX.US and ABBV.US results, released.
- Today: last trading session of October. Reuters said the Nasdaq was on track to end a two-month winning streak while the S&P 500 and Dow held monthly gains.
- Tue 3 Nov: US midterm elections.
- Wed 9 Dec: next Fed decision.
What to watch
- Nasdaq 100 futures (-2.63%) trail Dow futures (-0.10%) by 2.53 points at 8:31am.
- VIX is 18.72 at 8:31am, 1.52 points above Thursday's 17.20 close.
- AMZN.US at $225.95 pre-market sits 7.32% below Thursday's $243.79 close.
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