Nasdaq 100 and S&P 500 shed nearly $3.3 trillion as AI spending fears hit tech
Photo: Crypto Briefing
Weak guidance from Intel, Amazon's cash burn and Alphabet's slide pushed investors to question whether the AI buildout will pay off The Nasdaq 100 and S&P 500 together lost nearly $3.3 trillion in market value as disappointing earnings and soft guidance set off a broad selloff in US stocks. On October 30, 2026, the Nasdaq Composite fell 3.37% to close at 25,303.37. The S&P 500 slipped 2.08% to 7,559.85 the same day. The Nasdaq 100, home to the largest non-financial companies on the exchange, was headed for its worst stretch since mid-June.
Source: Crypto Briefing
