S&P 500 falls 1.24% to 7,625 as AI trade weakens
Published on 10/30/2026 at 18:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAI Concerns Weigh on Wall Street
- The S&P 500 stood at 7,625 points at 13:32 EDT, down 1.24 percent from Thursday's close.
- Amazon and Intel came under pressure after earnings and guidance renewed concerns about the scale and returns of artificial-intelligence investment.
- Oil prices also moved higher, adding to the market's defensive tone as the final trading session of October continued.
The S&P 500 was trading at 7,625 points at 13:32 EDT on Friday, October 30, equivalent to 18:32 Berlin time. That put the index 95.39 points, or 1.24 percent, below Thursday's close of 7,720.39. The level and timestamp were reported by NDTV Profit during the ongoing US session.
Technology Stocks Lead the Decline
The market remained under pressure after disappointing reactions to the latest results from Amazon and Intel. Yahoo Finance reported that Amazon shares fell after its quarterly results and outlook renewed concerns about spending on artificial-intelligence infrastructure. Intel also declined sharply after providing a weaker fourth-quarter outlook and citing pressure in the personal-computer market.
The weakness was concentrated in large technology companies, which carry substantial weights in the capitalization-weighted S&P 500. This helps explain why the broad index fell more sharply than an equal-weighted measure in the recent market moves. It also leaves the index exposed to further changes in investor expectations for AI capital expenditure, cash generation and future returns.
Oil Adds to Defensive Tone
Higher energy prices added another source of caution. Yahoo Finance reported that Brent crude futures rose to 113 US dollars per barrel and West Texas Intermediate reached 104 US dollars. At the same time, market participants continued to assess the implications of the earnings season and the outlook for interest rates. The combination of pressure on growth-oriented shares and firmer oil prices favored a more defensive trading tone.
The S&P 500 was also below the 7,723-point closing level cited in the latest own index coverage on October 28. The current move therefore extends the pullback from that report, although the regular US session was still open at the time of this report. The S&P 500 topic page contains the related index coverage.
Benchmark for Large-Cap US Equities
The S&P Dow Jones Indices describes the S&P 500 as a gauge of large-cap US equities covering approximately 80 percent of available US market capitalization. Its concentration in the largest companies makes the index particularly sensitive to a reassessment of technology earnings and AI investment plans.
