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US stocks ended October 30, 2026, with their sharpest technology-led selloff in months, as disappointing corporate earnings and mounting concerns about artificial intelligence investment costs prompted investors to reassess Wall Street valuations.
Shares of personal computing and printing company HP (NYSE:HPQ) fell 8.8% in the morning session after Intel warned of a prolonged slump in personal computer demand and forecast steep declines in global shipments.
Intel(INTC-28.58%), one of the world’s largest semiconductor manufacturers, saw its shares plunge 28.58% Friday, closing at $65.76 in one of the company’s steepest single-day declines in decades. The sell-off came despite Intel beating quarterly earnings expectations, as investors focused on a less encouraging outlook and growing questions about the company’s turnaround.
Market capMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.$2.63T Day’s range$229.36 – $241.55 52wk range$196.00 – $287.20 Volume104.7M Avg volume39.3M Gross margin50.77%
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The S&P 500(^GSPC+0.41%) had its worst day on record 39 years ago today. On Oct. 19, 1987, it lost 20.5% in one session to end at 224.84. The Dow Jones Industrial Average(^DJI-0.07%) had it even worse, dropping 22.6%.
US markets US stocks opened lower on Monday, August 24, as a sell-off in semiconductor shares weighed on the S&P 500 and Nasdaq, while easing Treasury yields offered some relief. The S&P 500 fell 0.4% and Nasdaq declined 1%, while the Dow rose 0.2%. Micron, AMD and Broadcom fell sharply. Investors remained cautious ahead of…