StocksMedium•30 October 2026•
1 min read
Nasdaq 100 Futures Sink 2.33% as Big Tech Earnings Diverge
Key Facts
1Nasdaq 100 futures sank 2.33% driven by a sharp sell-off in the technology sector.
2Amazon shares fell 7.2% in pre-market trading despite a 39% jump in cloud revenue.
3Amazon reported a free cash flow outflow of $42.4 billion as it maintains heavy AI spending.
Nasdaq 100 futures sank 2.33% driven by a sharp sell-off in the technology sector. Invezz reported that Amazon shares fell 7.2% in pre-market trading despite the company posting a 39% jump in cloud revenue. The company reported a free cash flow outflow of $42.4 billion as it maintains heavy capital expenditure on artificial intelligence infrastructure.
Amazon closed at $243.79 on October 29, 2026, while GOOGL closed at $283.82 and INTC closed at $92.07 on the same date. These declines occurred alongside broader pressure on mega-cap tech peers, with MSFT closing at $530.14 and META closing at $624.52 on October 29, 2026.