Huo Xing Finance reports that on October 30, according to data from the BIT stock platform, U.S. markets opened lower: the Dow Jones fell 0.2%, the S&P 500 dropped 1.1%, and the Nasdaq plunged 2.2%. Tech stock selling pressure continued, with Intel (INTC.O) plunging 25.7% as a PC downturn shattered recovery expectations and pressured free cash flow. Amazon (AMZN.O) fell 5.3% due to a Q4 outlook below expectations. NVIDIA (NVDA.O) declined 2.5%. Several new cloud companies followed suit, with Nebius (NBIS.O) dropping 7.3%. Precious metals sectors tumbled, while some oil stocks strengthened; ExxonMobil (XOM.N) rose 1.5%.
U.S. tech stocks continue sell-off, Intel plunges 25.7%
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Summary
On-chain data shows U.S. stocks opened lower on October 30, with the Dow down 0.2%, the S&P 500 down 1.1%, and the Nasdaq down 2.2%. Tech stocks continued to decline, with Intel (INTC.O) falling 25.7% amid weak PC demand and cash flow pressures. Amazon (AMZN.O) dropped 5.3% following a weak Q4 outlook, while Nvidia (NVDA.O) lost 2.5%. On-chain analysis reveals Nebius (NBIS.O) declined 7.3%. Oil stocks rose, with ExxonMobil (XOM.N) up 1.5%.
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