What are today's top business/market headlines?

Here are today's top business and market headlines (as of October 30, 2026):

Tech Selloff & AI Spending Concerns

•Alphabet plunged 12.6% after missing earnings and revenue expectations, dragging the communication services sector sharply lower, while technology stocks also underperformed. Alphabet's drop erased about $500 billion of its market value, a loss felt by anyone owning a fund tracking the big US indexes. This marked Google's worst day on record — a historic single-day decline bigger than any day during the Covid-19 pandemic or 2008 financial crisis.

•US stock indices fell Thursday, with the S&P 500 down 0.3%, the Nasdaq sliding 1.4%, and the Dow losing 135 points, amid renewed concerns over the sustainability of the AI trade following disappointing results from some hyperscalers.

Earnings Roundup

•Amazon and Intel, both due to report results after the closing bell, fell 4.2% and 3.6% respectively, while Microsoft lost 0.2% despite reporting solid cloud sales.

•After hours, Amazon said third-quarter sales grew 39% at AWS, its cloud business, though its free cash flow over twelve months fell below zero mainly due to increased spending on property and equipment for AI. Intel slid after a weak outlook for the current quarter pointing to a slowdown in PCs, forecasting fourth-quarter revenue below its third-quarter revenue.

•Healthcare was a bright spot: Eli Lilly jumped 6.5% after raising its revenue outlook on strong demand for its weight-loss drugs, while Merck advanced 3.7% after lifting its guidance.

•Caterpillar tumbled 9.4% after forecasting "moderate" sales growth in the fourth quarter.

•Other notable movers: ServiceNow sank nearly 25% after mixed third-quarter results and weak guidance; Fortinet plunged over 22% despite beating headline estimates; and Sprouts Farmers Market tumbled nearly 20% following a disappointing earnings report and guidance cut.

Economic Data

•The US economy grew at a faster-than-expected 3.4% in the third quarter, while PCE inflation accelerated in September. The personal consumption expenditures price index, the Fed's preferred inflation gauge, rose 0.5% in September, lifting the annual inflation rate to 3.6% from 3.4%.

Crypto Turmoil

•A suspected hack impacting billions of dollars of funds on the Binance crypto exchange spurred emergency asset freezes and sent the price of digital assets tumbling, with Bitcoin tumbling below $78,000, extending losses as the Binance security scare rattles crypto markets.

Corporate News

•DoorDash is buying grocery delivery platform Instacart as it looks to expand beyond restaurant delivery and strengthen its position in the U.S. grocery market.

•Weil, Gotshal & Manges, the nearly century-old law firm that worked for companies from Lehman Brothers to General Motors, recommended winding down.

•Anthropic filed for an initial public offering in what could become one of the largest stock market debuts in history.

•Looking ahead, October 30 brings a BoJ rate decision and expected earnings from ExxonMobil, AbbVie, Chevron, BP, Sanofi, and General Dynamics.

Citations (19)

1tradingeconomics.comData and tools
United States Stock Market Index - Quote - Chart - Historical Data - News | Trading Economics
Source excerpt: “Alphabet plunged 12.6% after missing earnings and revenue expectations, dragging the communication services sector sharply lower, while technology sto...”
evidence, data page. Claim: Alphabet plunged 12.6% after missing earnings and revenue expectations, dragging communication services lower.
2stocktitan.netData and tools
Stock Market Today October 29, 2026: Nasdaq Falls as Alphabet Drops; Amazon and Intel Slide After Hours
Source excerpt: “Stock Market Today, October 29, 2026: Nasdaq Falls as Alphabet Drops; Amazon and Intel Slide After Hours · By Stock Titan Editorial Team Published Oct...”
background, article. Claim: Overall market-day summary: Nasdaq falls as Alphabet drops; Amazon and Intel slide after hours.
3stocktitan.netData and tools
Stock Market Today October 29, 2026: Nasdaq Falls as Alphabet Drops; Amazon and Intel Slide After Hours
Source excerpt: “Alphabet’s drop after a costly quarter erased about $500 billion of its value by our calculation, a loss felt by anyone owning a fund tracking the big...”
statistic, article. Claim: Alphabet's drop erased about $500 billion of its market value.
4cnn.comNews and mediaquality 0.66
Business News - Latest Headlines on CNN Business | CNN Business
Source excerpt: “Here’s what it means · Shares of Google’s parent company tumbled more than 12% on Thursday, their worst day on record — a historic single-day decline ...”
evidence, home page. Claim: Google's worst day on record, a historic single-day decline bigger than during Covid or 2008.
5tradingeconomics.comData and tools
United States Stock Market Index - Quote - Chart - Historical Data - News | Trading Economics
Source excerpt: “US stock indices fell on Thursday, with the S&P 500 down 0.3%, the Nasdaq sliding 1.4%, and the Dow losing 135 points, amid renewed concerns over the ...”
statistic, data page. Claim: S&P 500 down 0.3%, Nasdaq down 1.4%, Dow lost 135 points amid AI trade concerns.
6tradingeconomics.comData and tools
United States Stock Market Index - Quote - Chart - Historical Data - News | Trading Economics
Source excerpt: “Amazon and Intel, both due to report results after the closing bell, fell 4.2% and 3.6%, respectively. Microsoft lost 0.2% despite reporting solid clo...”
statistic, data page. Claim: Amazon and Intel fell 4.2% and 3.6% before reporting; Microsoft lost 0.2% despite solid cloud sales.
7stocktitan.netData and tools
Stock Market Today October 29, 2026: Nasdaq Falls as Alphabet Drops; Amazon and Intel Slide After Hours
Source excerpt: “Amazon said third-quarter sales grew 39% at AWS, its cloud business. It said its free cash flow over twelve months fell below zero mainly because it s...”
statistic, article. Claim: Amazon AWS sales grew 39%; free cash flow turned negative due to AI-related spending.
8stocktitan.netData and tools
Stock Market Today October 29, 2026: Nasdaq Falls as Alphabet Drops; Amazon and Intel Slide After Hours
Source excerpt: “CNBC said Intel slid after a weak outlook for the current quarter that pointed to a slowdown in PCs. Intel forecast fourth-quarter revenue below its t...”
evidence, article. Claim: Intel slid after weak outlook pointing to PC slowdown, with Q4 revenue forecast below Q3.
9tradingeconomics.comData and tools
United States Stock Market Index - Quote - Chart - Historical Data - News | Trading Economics
Source excerpt: “Eli Lilly jumped 6.5% after raising its revenue outlook on strong demand for its weight-loss drugs, while Merck advanced 3.7% after lifting its guidan...”
statistic, data page. Claim: Eli Lilly jumped 6.5% and Merck advanced 3.7% after raising outlooks.
10tradingeconomics.comData and tools
United States Stock Market Index - Quote - Chart - Historical Data - News | Trading Economics
Source excerpt: “Elsewhere, Caterpillar tumbled 9.4% after forecasting “moderate” sales growth in the fourth quarter.”
statistic, data page. Claim: Caterpillar tumbled 9.4% after forecasting moderate Q4 sales growth.
11thestreet.comNews and mediaquality 0.82
Stock Market Today (Oct. 29, 2026): S&P 500 falls after Alphabet and Microsoft issue divergent earnings - TheStreet
Source excerpt: “On the downside, ServiceNow (NOW) sank nearly 25% after the enterprise software company reported mixed third-quarter 2026 results and issued weaker-th...”
statistic, article. Claim: ServiceNow sank nearly 25% after mixed Q3 results and weak guidance; other notable movers.
12tradingeconomics.comData and tools
United States Stock Market Index - Quote - Chart - Historical Data - News | Trading Economics
Source excerpt: “On the data front, the US economy grew at a faster-than-expected 3.4% in the third quarter, while PCE inflation accelerated in September. ”
statistic, data page. Claim: US economy grew 3.4% in Q3 while PCE inflation accelerated in September.
13thestreet.comNews and mediaquality 0.82
Stock Market Today (Oct. 29, 2026): S&P 500 falls after Alphabet and Microsoft issue divergent earnings - TheStreet
Source excerpt: “The personal consumption expenditures price index, the Fed’s preferred inflation gauge, rose 0.5% in September, lifting the annual inflation rate to 3...”
statistic, article. Claim: PCE price index rose 0.5% in September, lifting annual inflation to 3.6% from 3.4%.
14bloomberg.comNews and mediaquality 0.84
Bloomberg - Business News, Stock Markets, Finance, Breaking & World News
Source excerpt: “‘Runaway’ Tax-Slashing Strategy Honed by AQR Draws Senator’s Ire · Why the US Economy Looks Strong But Feels Bad to Many ... A suspected hack impactin...”
evidence, home page. Claim: Suspected hack on Binance exchange affecting billions in funds, prompting freezes and crypto price drops.
15cnbc.comNews and mediaquality 0.85
Stock Markets, Business News, Financials, Earnings - CNBC
Source excerpt: “U.S. Markets ... Quick LinksPro: West PharmaIran warMicrosoft earningsReddit login testGOOG shares slideWNBA FinalsEconomy Election ... 31 Min AgoBitc...”
evidence, home page. Claim: Bitcoin tumbling below $78,000 amid the Binance security scare.
16foxbusiness.comNews and mediaquality 0.79
Fox Business | Business News & Stock Quotes - Saving & Investing
Source excerpt: “... DoorDash is buying grocery delivery platform Instacart as it looks to expand beyond restaurant delivery and strengthen its position in the U.S. gr...”
evidence, home page. Claim: DoorDash is buying Instacart to expand into grocery delivery.
17cnn.comNews and mediaquality 0.66
Business News - Latest Headlines on CNN Business | CNN Business
Source excerpt: “Law firm that handled Lehman, Enron bankruptcies plans to wind down · Leaders at Weil, Gotshal & Manges, the nearly century-old law firm that worked f...”
evidence, home page. Claim: Weil, Gotshal & Manges recommended winding down.
18cnn.comNews and mediaquality 0.66
Business News - Latest Headlines on CNN Business | CNN Business
Source excerpt: “Anthropic set to make stock market debut as questions swirl about safety of AI · Anthropic filed for an initial public offering Monday in what could b...”
evidence, home page. Claim: Anthropic filed for an IPO that could be one of the largest debuts.
19schwab.comCompanies
Stocks Dip on Mixed Microsoft, Alphabet, PCE Data | Charles Schwab
Source excerpt: “October 30: BoJ rate decision and expected earnings from ExxonMobil (XOM), AbbVie (ABBV), Chevron (CVX), BP (BP), Sanofi (SNY), and General Dynamics (...”
evidence, article. Claim: October 30 brings BoJ rate decision and earnings from ExxonMobil, AbbVie, Chevron, BP, Sanofi, General Dynamics.