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The Nasdaq rose 0.83% to 25,372.01 on 3 November as chip stocks rebounded from a steep October selloff, and the S&P 500 gained 0.36%. Apple fell 1.9% on a weaker margin outlook and pulled the Dow down 197 points. AMD and Arista surged after hours on strong results.
Intel shares fell 28.6% on Friday, 30 October, erasing about $120 billion in market value, after it forecast fourth-quarter revenue of about $15.5 billion against $17 billion expected. Amazon missed estimates too. The Nasdaq fell 2.86%, its worst day since June, and chips dropped 7.2%.
Amita Sahani4 min
Alphabet's shares fell about 13% on Thursday, their worst day on record, erasing roughly $482 to 500 billion after third-quarter revenue and ad sales missed expectations. Investors questioned whether huge AI spending will pay off. The Nasdaq fell 1.38%; ServiceNow and Caterpillar also slumped.
Amita Sahani4 min
