Nasdaq Composite enters Friday after 1.38% decline
Published on 10/30/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSNasdaq Composite before Friday trading
- The Nasdaq Composite fell 1.38% to 26,184.72 on October 29, ending a three-session advance.
- Alphabet's earnings miss and renewed scrutiny of artificial intelligence spending weighed on technology shares.
- Amazon and Intel added fresh pressure after their results and outlooks were released after Thursday's close.
- US employment-cost data and the Chicago PMI are scheduled for Friday, offering additional signals for interest-rate expectations.
US trading has not yet begun in the configured Europe-morning slot, leaving the Nasdaq Composite in a pre-market setup for Friday, October 30. The index finished the previous session at 26,184.72, down 365.13 points or 1.38% from Wednesday's close. The move ended a three-session advance.
Thursday's technology sell-off
According to Morningstar, citing Dow Jones Market Data and FactSet, the Nasdaq Composite's October 29 decline was its largest one-day point and percentage fall since October 22. The index also remained 5.13% below its October 6 record close of 27,599.79.
The session's main pressure came from Alphabet. Fidelity's market report said Alphabet's third-quarter results missed Wall Street estimates despite strong artificial-intelligence-led cloud growth. Alphabet's class A and class C shares fell nearly 13%, while communication services was the weakest S&P 500 sector, down 6.6%. The same report noted that September personal-consumption-expenditures inflation accelerated to 3.6% year over year, with core inflation at 3.1%, keeping the prospect of another Federal Reserve rate increase in December in focus.
Fresh pressure after the close
Results released after Thursday's closing bell added to the sensitivity around large technology and semiconductor companies. CNBC reported that Amazon shares fell nearly 7% in pre-market trading after third-quarter earnings and revenue missed expectations, while the company maintained its 2026 capital-expenditure forecast at 220 billion US dollars. Intel fell almost 26% after issuing a weaker current-quarter outlook and pointing to a slowdown in personal computers. These are company moves rather than a new Nasdaq Composite reading, but they are relevant to the index's technology-heavy risk profile.
Friday data in focus
Investors are scheduled to receive the third-quarter Employment Cost Index and the October Chicago PMI. Reuters identified labor-market data and the Federal Reserve's next move as key themes, while also pointing to continuing scrutiny of the artificial-intelligence trade after disappointing results from Alphabet, Amazon and Intel. The figures may therefore shape the market's reading of inflation persistence and the valuation of growth stocks once regular US trading begins.
More reports on the Nasdaq Composite are available in the topic overview.
