U.S. stocks ended sharply lower October 30 as disappointing Intel and Amazon results intensified concerns about artificial-intelligence spending.
The Nasdaq Composite fell 747.73 points, or 2.86%, to 25,437.00. The S&P 500 lost 140.32 points, or 1.82%, to 7,580.07. The Dow Jones Industrial Average declined 572.25 points, or 1.09%, to 51,770.31.
Reuters reported Intel fell 28.6%, Nvidia dropped 4.2% and AMD lost 10.9%. The semiconductor index declined 7.2%.
The Associated Press reported that the Russell 2000 fell 1.7% to 2,811.84. For the week, the S&P 500 lost 0.6%, the Dow declined 0.9% and the Nasdaq fell 2%, while the Russell gained 1.3%.
Reuters reported monthly losses for the S&P 500 and Nasdaq, while the Dow finished October higher.
Sources: Reuters and Associated Press, October 30 closing-market reports.