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The Nasdaq Composite plunged 2.86% to 25,437.00 on Friday, its steepest one-day drop since June 5, and has now fallen 7.8% from its October 6 all-time closing high, as disappointing quarterly results from Intel and Amazo

A deepening tech selloff erased nearly $1 trillion from the Nasdaq in a single week and about $2 trillion over the past month, with the index falling more than 3% on Friday—its worst day since June—and the S&P 500 droppi

Hyperscalers like Amazon, Alphabet, and Meta are being blamed for a tech stock rout after their massive AI infrastructure spending crushed free cash flow, shocking Wall Street. Amazon's free cash flow swung to a negative

Amazon's Q3 2026 ad revenue grew 11% to $19.64bn, sharply down from 26% growth in Q2, which Amazon attributed to Prime Day shifting from Q3 to June in Q2. Combined Q2 and Q3 ad revenue rose 18.1% to $39.45bn. YouTube ad

US stocks fell sharply on the last trading day of the month, with the Nasdaq Composite tumbling 2.6% and the S&P 500 dropping 1.5%, as disappointing earnings from Amazon and Intel deepened a sell-off already triggered by

U.S. stock futures fell sharply on Friday, the last trading day of October, as Amazon and Intel shares plunged after their quarterly results triggered a tech sell-off. Nasdaq-100 futures dropped 2.29%, S&P 500 futures fe

Amazon CEO Andy Jassy downplayed the threat of third-party shopping agents like Meta's Muse, telling investors on Thursday that the experience is 'still not great' and less convenient than shopping directly on a retailer

Amazon's AI build-out drove a record free cash outflow of over $42 billion in the 12 months through September, nearly double its previous record from 2022. The company spent about $77 billion on property and equipment in