What are today's top business/market headlines?
Today's Top Business & Market Headlines (Oct 30–31, 2026)
Tech-Led Stock Selloff Rattles Wall Street
Wall Street got a reality check as a bruising selloff in technology shares fueled concern the artificial-intelligence frenzy that has powered the equity bull market might be overblown, with disappointing tech results spurring the worst drop for stocks since June, the Nasdaq 100 sinking 3.5% and briefly crossing correction territory, while Intel slid the most in over four decades and the S&P 500 fell 1.8%, breaching its 100-day moving average.
Intel's Historic Plunge
Intel shares fell 29% on Friday, posting the stock's worst day since the 1970s. The disappointing forecast came after the chipmaker issued weaker-than-expected guidance due to a plant shutdown in Israel and ongoing softness in the PC market. Analysts noted D.A. Davidson downgraded the stock to neutral from buy, writing "We understand the PC market is being impacted at the industry level."
Alphabet's Worst Day Ever
Alphabet stock fell nearly 13% Thursday, its worst day since going public in 2004, wiping out $475 billion in market value. That made it the second-biggest one-day loss ever for a US-listed company, behind only Nvidia's roughly $593 billion loss in January.
Amazon Earnings Mixed
Amazon's overall revenue rose 12.1% annually to $201.94 billion, just below consensus, while earnings per share of $1.89 fell short of the $1.96 consensus. However, AWS cloud sales rose 39% annually, up from 37% the prior quarter and above consensus. AWS growth was its fastest in nearly five years, while Amazon's 12-month free cash flow sank to a record outflow of more than $42 billion.
Energy Sector Outperforms
ExxonMobil and Chevron both reported better than expected quarterly results Friday as the oil majors benefited from higher prices and record production. Additionally, Exxon raised its dividend and reported $20 billion in share repurchases planned for next year.
Binance Crypto Heist
Binance, the world's biggest cryptocurrency exchange, says hackers stole more than $6 billion in what appears to be the largest cryptocurrency heist.
Global Economic Data
China's factory activity contracted in October, reversing the previous month's rebound. Meanwhile, Europe's economy persevered with moderate growth in the third quarter despite higher oil prices from the US-Iran war, as GDP increased by 0.4% over the prior quarter.
Other Notable Stories
Market Outlook: Cramer summarized the mood bluntly, noting the Nasdaq was in "crash mode," with Intel dashing hopes of a quick turn, Alphabet's Gemini falling behind, and Election Day data center fears weighing on sentiment.
Citations (18)
- Stock Market Today: Dow, S&P Live Updates for October 30, 2026 - Bloomberg
Source excerpt: “October 29, 2026 at 10:07 PM UTCUpdated on · October 31, 2026 at 12:32 AM UTC · Save · Wall Street got a reality check as a bruising selloff in techno...”
- Intel stock has worst day since 1970s, wiping about $12 billion off government's stake
Source excerpt: “U.S. Markets ... Intel shares fell 29% on Friday, posting the stock's worst day since the 1970s.”
- Intel stock has worst day since 1970s, wiping about $12 billion off government's stake
Source excerpt: “Intel shares plummeted 29% on Friday, their worst day since the 1970s, after the chipmaker issued weaker-than-expected guidance due to a plant shutdow...”
- Intel stock has worst day since 1970s, wiping about $12 billion off government's stake
Source excerpt: “Davidson downgraded the stock to neutral from buy on Friday in a report titled, "Not fixed yet." "We understand the PC market is being impacted at the...”
- Alphabet loses $475 billion in market value, the biggest drop in its history
Source excerpt: “Alphabet <strong>stock</strong> fell nearly 13% Thursday, its worst day since going public in 2004, wiping out $475 billion in <strong>market</strong>...”
- Alphabet loses $475 billion in market value, the biggest drop in its history
Source excerpt: “Alphabet lost $475 billion in stock market value, the second-biggest one-day loss ever for a US-listed company, by Yahoo Finance calculations. Only Nv...”
- Running Scared: Amazon, Intel Put Tech on Defense | Charles Schwab
Source excerpt: “Overall revenue rose 12.1% annually to $201.94 billion, just below the $202.22 billion consensus. Earnings per share of $1.89 fell short of $1.96 cons...”
- Running Scared: Amazon, Intel Put Tech on Defense | Charles Schwab
Source excerpt: “Sales in the Amazon Web Services cloud business rose 39% annually, up from 37% the prior quarter and above consensus. ”
- Alphabet loses $475 billion in market value, the biggest drop in its history
Source excerpt: “Amazon Web Services grew 39%, its fastest in nearly five years, while its 12-month free cash flow sank to a record outflow of more than $42 billion. ”
- Business News
Source excerpt: “30, 2026 · ExxonMobil and Chevron both reported better than expected quarterly results Friday as the oil majors benefited from higher prices and recor...”
- Running Scared: Amazon, Intel Put Tech on Defense | Charles Schwab
Source excerpt: “The company raised its dividend and reported $20 billion in share repurchases planned for next year. ”
- Business News
Source excerpt: “30, 2026 · Binance, the world’s biggest cryptocurrency exchange, says hackers stole more than $6 billion in what appears to be the largest cryptocurre...”
- Business News
Source excerpt: “31, 2026 · China's factory activity contracted in October, reversing the previous month's reboujnd · Associated PressOct. ”
- Business News
Source excerpt: “30, 2026 · Europe’s economy persevered with moderate growth in the third quarter despite higher oil prices from the US-Iran war, as gross domestic pro...”
- Technology News
Source excerpt: “Talia KaplanSat, Oct 31st 2026 · AI Age · Humans are still doing the work behind some AI agents · Sat, Oct 31st 2026 · Autos · Automakers like Rivian ...”
- Business News
Source excerpt: “Measles resurgence exposes deeper weaknesses in U.S. public health, experts say ... GM will switch to Nasdaq from the NYSE on Nov. 17 ... ”
- Latest News
Source excerpt: “Sat, Oct 31st 2026 · Buffett Watch ... the the surge of late-forming super PACs · Sat, Oct 31st 2026 · Autos · Automakers like Rivian and Ford are usi...”
- Jim Cramer's top 10 things to watch in the stock market Friday
Source excerpt: “Nasdaq in crash mode? Futures say yes: down more than 2.5%. Intel dashes hopes of a quick turn. Alphabet's Gemini falls behind. Election Day data cent...”