Quote post: @StockMKTNewz on the Nasdaq 100 sliding 8% from its highs
$QQQ is down about 3.5% today and roughly 8% from its high. Intel is off about 30% and AMD, Dell, Arm and Qualcomm are down more than 10% without reporting.
Even Sandisk is down double digits a day after growing revenue 378%. The market is repricing the whole AI hardware chain at once.
https://x.com/StockMKTNewz/status/2116184832434675747
Sources: Reuters: Nasdaq-100 on track to erase just over $1 trillion; Intel down 30%+, AMD -9.3%, Dell ~-9% · NBC News: Nasdaq 100 on course for a more than $1 trillion drop; Intel plunged 30% · CNBC: Intel down 29% after weak guidance; Amazon lower on AI spending · @WOLF_TradingX: AMD -9.7%, Dell -9.2%, Intel -28.5% as QQQ falls 3%
Not financial advice. For informational and educational purposes only.
Barkin called the direction of Fed tightening "pretty straightforward" on October 30.
Barkin called the direction of Fed tightening "pretty straightforward" on October 30. That phrase is the one I'm focused on, because it came two days after a hold, and it makes me even more skeptical that relief for rates is coming soon.
About $117.62 was the intraday high for expiring December Brent on October 30.
About $117.62 was the intraday high for expiring December Brent on October 30. $114.88 was the settle. That round trip keeps my bearish oil lean intact, but I'll say plainly what would flip it: a full-blown war, and the catalysts behind this spike are exactly how one starts.
Rates Hold Near 5%
The 10-year Treasury yield closed at 4.98%, up 2 basis points over the week, with long-end yields moving several times as much as bill yields.
The 10-Year Treasury yield closed at 4.98% in the latest session, up 2 basis points over the week. That small net change hides a wider swing: the 10-year sat at 5.13% in the prior week before dropping to 4.96%, then traded back up to 5.05% before settling…
End-of-day recap
Oct 29 brought sharp tech drops, a cash deal and mixed index closes.
Oct 29 brought sharp tech drops, a cash deal and mixed index closes. Alphabet closed at $283.82, down 12.64%. Earnings and revenue missed expectations, and Search revenue missed forecasts for a second straight quarter. CNBC tied the drop to those results and fears AI chat and agents are taking Search volumes.